OTCPK:MONIF - Post by User
Post by
dontknowmuchon Sep 15, 2014 11:09am
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Post# 22936411
Preliminary results for the year ended 30 June 2014
Preliminary results for the year ended 30 June 2014
Preliminary results for the year ended 30 June 2014 - 09/15/2014
REVENUE GROWTH OF 31% TO £95.1M
VALUE OF TRANSFERS AND PAYMENTS ACROSS PLATFORMS SURGES 120% TO $88BN
TRANSFORMATIONAL YEAR LAYS FOUNDATION FOR PRODUCT-LED, SUBSCRIPTION BUSINESS
MONITISE ENTERS STRATEGIC PARTNERSHIP WITH SANTANDER
MONITISE TO RUN GLOBAL CLOUD-BASED SERVICES FROM IBM DATA CENTRES
LONDON - Monitise plc (LSE: MONI)("Monitise", the "Company" or the "Group") announces its audited preliminary results for the year ended 30 June 2014.
Financial Summary
- Revenue grew 31%, rising to £95.1m from £72.8m.
- Group EBITDA* loss was £31.4m for the year (FY 2013: £19.3m). The increase in loss, in line with management expectations, was driven by investment in product and sales in particular in the second half of the year as the strategy to accelerate user growth was put in place.
- Adjusted** loss for the year was £43.7m (FY 2013: £32.8m) and adjusted loss per share was 2.6p (FY 2013: 2.4p). Statutory loss after tax in the year was £60.1m (FY 2013: £51.3m), with loss per share at 3.6p (FY 2013: 3.8p).
- Group net cash of £146m as at 30 June 2014 (FY 2013: £86m), provides balance sheet strength to execute against our strategy.
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