Audioboom Group PLC Notice of half-year results (5204U)
July 13 2018 - 2:00AM
UK Regulatory
TIDMBOOM
RNS Number : 5204U
Audioboom Group PLC
13 July 2018
13 July 2018
Audioboom Group plc
(the "Company" or "Audioboom")
Notice of half-year results
Audioboom (AIM: BOOM), the leading spoken-word audio on-demand
platform, announces that it will announce its half-year results for
the six months ended 31 May 2018 on or around 20 July 2018. These
half-year results will contain the Company's key performance
indicators ("KPIs") for the period.
The Board of Audioboom (the "Board") also notes the share price
decline that has occurred since the restoration of trading in the
Company's ordinary shares on 14 June 2018 and can confirm that it
knows of no reason for this fall.
Since 27 April 2018, the Company has received over GBP5.5m from
a placing and subscription with existing and new investors and the
issue of convertible loan notes, which has strengthened the
Company's balance sheet. The Board believes that this funding is
sufficient to see the Company through to positive cash
generation.
Operationally, the US now accounts for 95% of the Company's
total revenue. Between Q1 and Q2 of this financial year, US revenue
per 1,000 downloads increased by 33% to $19.03. Audioboom Original
productions continue to increase, with listens up 33% to 2.13
million from May 2018 to June 2018.
Rob Proctor, CEO of Audioboom, commented: "Audioboom is in the
strongest operational and financial position in recent history and
I confirm that we believe that we are now funded through to
positive cash generation.
"The US KPIs indicate that AudioBoom's products and platform are
flourishing in the largest podcasting market, and I look forward to
providing further commentary in the coming half-year results."
Enquiries
Audioboom Group plc
Rob Proctor, Chief Executive Officer Tel: +44(0)20 7403 6688
Allenby Capital Limited (Nominated adviser Tel: +44(0)20 3328 5656
and Joint Broker)
David Hart /Alex Brearley/Asha Chotai
Novum Securities (Joint Broker) Tel: +44(0)20 7399 9400
Colin Rowbury/Jon Belliss
Walbrook PR Limited (PR & IR Advisers) Tel: +44(0)20 7933 8780
Paul Cornelius / Sam Allen or audioboom@walbrookpr.com
About Audioboom
Audioboom is a global podcasting platform that consolidates the
business of on-demand audio, making content accessible,
wide-reaching and profitable for podcasters, advertisers and
brands. Audioboom operates internationally, with operations across
North America, Europe, Asia and Australia, and addresses the issue
of disparate podcast services by putting all of the pieces of the
puzzle together under one umbrella, creating a user-friendly,
economical experience.
Audioboom hosts over 12,000 content channels, with key content
partners including A+E Networks (US), Associated Press (US), The
BBC (UK), "Casefile True Crime" (AUS), CastBox Originals (US),
Edith Bowman (UK), "Felon True Crime Podcast" (AUS), "Moneycontrol
Podcast" (India), "News Roast" (UK), "No Such Thing As A Fish"
(UK), "Pound for Pound with Jake Wood and Spencer Oliver" (UK),
"Red FM" (India), Starburns Audio (US), "The Totally Football Show"
(UK), "The True Geordie Podcast" (UK) and "Undisclosed" (US).
Original content produced by Audioboom includes "The 45th" (US),
"Covert" (US), "I Almost Knew That" (India), "The Psychology Behind
with Dr Linda Papadopoulos" (UK), "Ctrl Alt Win Podcast" (India),
"Deliberations" (US), "It's Happening with Snooki & Joey" (US),
"Mafia" (US), "Mission To Zyxx" (US), "Night Call" (US) and "The
Russell Brand Podcast" (UK).
The platform receives over 60 million listens per month and
allows partners to share their content via Apple Podcasts,
BookMyShow, Deezer, Google Play, iHeartRadio, Saavn, Spotify,
Stitcher, Facebook and Twitter as well as their own websites and
mobile apps.
For more information, visit audioboom.com.
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END
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