ANALYSTS at Edison Investment Research have predicted temporary hotel provider Snoozebox should be reporting pre-tax profits in its 2016 financial year.
Edison suggests the company will have revenue of £15.4 million at that point with profits coming in at around £2.8m.
A £4.9m loss is pencilled in for the current financial year with that likely to narrow to £1.2m in 2015. In a research note Edison said: "Snoozebox has a step-change opportunity with the proposed launch of its next-generation hotel product, which has the potential to transform operating performance on significantly more efficient deployment and yield management.
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"Meanwhile, booking rates for key events are materially ahead of last year and new high-profile deployments at Glastonbury and the Ryder Cup bring welcome visibility."
In July this year Snoozebox said it expected to record a better second half of its financial year thanks in part to events in Scotland.
During the Commonwealth Games it had an 80-bed hotel on Dunn Street in Glasgow while it ran a 160-bed hotel in the Fountainbridge area of Edinburgh during August.
It will also provide accommodation for the host broadcaster European Tour Productions during the Ryder Cup at Gleneagles.