Audioboom has today issued a trading update and KPIs for Q4 ended November. While FY15 EBITDA and year end cash of just over £3m were ‘broadly in line with market expectations’, revenues were ‘below market expectations’ of £0.5m. Despite this slight disappointment, Q4 revenues were more than double the previous three quarters and growth only really started towards the end of Q4. We show in the table above the impact of these developments on our forecasts. ....
