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.

24 Sep 2015
Signs of green shoots?

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Signs of green shoots?
Monitise (MONI:LON) | 0 0 0.0% | Mkt Cap: 68.2m
- Published:
24 Sep 2015 -
Author:
Philip Carse -
Pages:
4 -
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.