Proactive analyst Ed Stacey delivers his report on Location Sciences, (LON:LSAI), a world leader in location verification for mobile advertising, which recently released a trading update for the current year (year-end Dec). Stacey talks through the three product lines — Verify, GeoProtect, and Insights.
Stacey's report also explains the impact of the additional UK lock-down measures that have derailed the previously expected recovery in revenues for the Verify product.
At the time of the interim results in September, Location Sciences reported a substantial impact from the second-quarter (Q2) lockdown measures, particularly concerning mobile advertising revenues from the restaurant and retail sectors, which essentially came to a halt.