Mobile money specialist Monitise has reported FY14/15 results. In-line with guidance, but towards the lower end of the range, EBITDA losses were up 33% to £41.8m on revenues down 6% to £89.7m. The company has also made several significant write-downs, and announced a change of CEO. However, H2 saw improvements in both margins and free cash flow. In our view Monitise remains on track for EBITDA profitability in the second half of FY15/16, with a much more focussed strategy now in place.