One Media iP Group has provided a positive trading update for the year ended 31 October 2022 (FY22E), with the core business of music exploitation performing in line with expectations. The company expects to deliver revenues of £5.1m (+16% YoY), slightly ahead of our previous forecast, and an Adj EBITDA of £1.8m. Having previously explored external funding options, One Media iP now plans to retain its anti-piracy subsidiary, TCAT Ltd and fund the next stage of growth from internal resources in o ....
26 Jan 2023
Cenkos: One Media iP Group Plc -- Trading Update
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Cenkos: One Media iP Group Plc -- Trading Update
One Media iP Group PLC (OMIP:LON) | 4.0 0 0.0% | Mkt Cap: 8.90m
- Published:
26 Jan 2023 -
Author:
Cavendish Research -
Pages:
9
One Media iP Group has provided a positive trading update for the year ended 31 October 2022 (FY22E), with the core business of music exploitation performing in line with expectations. The company expects to deliver revenues of £5.1m (+16% YoY), slightly ahead of our previous forecast, and an Adj EBITDA of £1.8m. Having previously explored external funding options, One Media iP now plans to retain its anti-piracy subsidiary, TCAT Ltd and fund the next stage of growth from internal resources in o ....