Audioboom has delivered interim results in line with our expectations. Revenues of £50k reflected the fact that to date the business has focused on content acquisition. Post the Cumulus deal we expect revenues to start building as H2 progresses. Net cash was a healthy £6.2m at end June, also in line with our forecasts.
24 Jul 2015
Interim Results and New Opportunities
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Interim Results and New Opportunities
Audioboom Group PLC (BOOM:LON) | 250 0 0.0% | Mkt Cap: 40.9m
- Published:
24 Jul 2015 -
Author:
Paul Morland -
Pages:
3
Audioboom has delivered interim results in line with our expectations. Revenues of £50k reflected the fact that to date the business has focused on content acquisition. Post the Cumulus deal we expect revenues to start building as H2 progresses. Net cash was a healthy £6.2m at end June, also in line with our forecasts.