Mobile money specialist Monitise has announced H1 2015 results in line with the January trading update. Turnover fell 9%, reflecting ongoing declines in licence revenues as the business transitions to new revenue models. The EBITDA loss grew to £30.8m, reflecting a 16pp decline in Development and Integration gross margin, and a 25% increase in OPEX, primarily due to recent acquisitions. More positively, a number of KPIs saw improvement, notably a 50% YoY increase in transaction value.
26 Feb 2015
H1 ’15 results and Capital Markets Day
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H1 ’15 results and Capital Markets Day
Monitise (MONI:LON) | 0 0 0.0% | Mkt Cap: 68.2m
- Published:
26 Feb 2015 -
Author:
Blaine Tatum -
Pages:
3
Mobile money specialist Monitise has announced H1 2015 results in line with the January trading update. Turnover fell 9%, reflecting ongoing declines in licence revenues as the business transitions to new revenue models. The EBITDA loss grew to £30.8m, reflecting a 16pp decline in Development and Integration gross margin, and a 25% increase in OPEX, primarily due to recent acquisitions. More positively, a number of KPIs saw improvement, notably a 50% YoY increase in transaction value.