Finals from Mobile Tornado (MBT.L), a leading global provider of Push To Talk over Cellular (PoC) solutions, were in line with forecasts and February’s trading update with revenue growth (+17.5%) and good cost control resulting in a 49% reduction in adj. EBITDA loss to £0.9m. There was growth both year on year but also H2 over H1 with the success of the new Capex model that bundles hardware and perpetual licences. Recurring revenue was essentially flat. MBT has developed an enterp
17 Apr 2019
Success of new Capex model
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Success of new Capex model
Mobile Tornado Group Plc (MBT:LON) | 0.8 0 0.0% | Mkt Cap: 3.13m
- Published:
17 Apr 2019 -
Author:
David Johnson -
Pages:
2
Finals from Mobile Tornado (MBT.L), a leading global provider of Push To Talk over Cellular (PoC) solutions, were in line with forecasts and February’s trading update with revenue growth (+17.5%) and good cost control resulting in a 49% reduction in adj. EBITDA loss to £0.9m. There was growth both year on year but also H2 over H1 with the success of the new Capex model that bundles hardware and perpetual licences. Recurring revenue was essentially flat. MBT has developed an enterp