Mobile money specialist Monitise has released full year results to June 2016 in line with guidance from the mid July update and consistent with the outlook given at the half year, with the company achieving EBITDA breakeven and substantially lower cash spend in the second half following significant rationalisation. For the full year, EBITDA losses halved to £19.6m on revenues down 25% to £67.6m, whilst the statement contained a cautiously positive outlook, noting traction on the n
08 Sep 2016
FY16 results confirm solid progress made
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY16 results confirm solid progress made
Monitise (MONI:LON) | 0 0 0.0% | Mkt Cap: 68.2m
- Published:
08 Sep 2016 -
Author:
Philip Carse -
Pages:
4
Mobile money specialist Monitise has released full year results to June 2016 in line with guidance from the mid July update and consistent with the outlook given at the half year, with the company achieving EBITDA breakeven and substantially lower cash spend in the second half following significant rationalisation. For the full year, EBITDA losses halved to £19.6m on revenues down 25% to £67.6m, whilst the statement contained a cautiously positive outlook, noting traction on the n