Mobile money specialist Monitise has announced H1 2016 results in line with the January trading update. Turnover fell 21%, primarily reflecting lower licence revenues. More positively, the period saw significant reductions in opex and capex. Management re-iterated guidance of EBITDA profitability in the second half of FY 2016 and the company being sufficiently funded through to cash breakeven.
12 Feb 2016
H1 2016 results in line
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H1 2016 results in line
Monitise (MONI:LON) | 0 0 0.0% | Mkt Cap: 68.2m
- Published:
12 Feb 2016 -
Author:
Philip Carse -
Pages:
4
Mobile money specialist Monitise has announced H1 2016 results in line with the January trading update. Turnover fell 21%, primarily reflecting lower licence revenues. More positively, the period saw significant reductions in opex and capex. Management re-iterated guidance of EBITDA profitability in the second half of FY 2016 and the company being sufficiently funded through to cash breakeven.