Mobile Streams plc MOS reports unaudited revenue of GBP1.1m in FY22 (8237U)
August 04 2022 - 2:00AM
UK Regulatory
TIDMMOS
RNS Number : 8237U
Mobile Streams plc
04 August 2022
4 August 2022
Mobile Streams plc
("MOS" or "the Company")
Mobile Streams reports unaudited revenue growth of 180% to
GBP1.1 million in FY22
Mobile Streams plc, the AIM quoted mobile content and data
intelligence company, is delighted to announce total unaudited
revenue for the year to 30 June 2022 reached GBP1.1 million (FY21:
GBP395k), an increase of approximately 180% over the previous
year.
The 6 months to June 2022 generated revenue of GBP810k, a 270%
increase on the 6 months to 30 June 2021 (GBP219k), demonstrating
continued strong growth. Total monthly revenue reported in June
2022 was GBP181k (approx.$243k), representing a monthly increase of
circa 62% since the Company's last update on 1 March 2022. In
addition, for the year ended 30 June 2022, Gross Profit is expected
to be GBP498k and EBITDA -GBP490k (FY21 -GBP1,032k).
The Company expects revenue to continue to grow strongly
throughout calendar year 2022 and into 2023, with particularly fast
revenue growth from its NFT business which, based on internal
forecasts, has the potential to exceed all other revenue streams by
the end of the financial year 2023. As recently announced on 4 July
2022, MOS has signed a major deal to become the exclusive provider
of all NFTs for the Mexican club Pumas, one of the biggest football
clubs in Latin America and currently up to 30 additional deals are
being worked on. As previously announced, the Pumas Agreement
contains an agreed target revenue figure over the 5 years of the
contract, of which MOS's share is approximately USD 14.5
million.
Mark Epstein, CEO, commented:
"We are delighted with our strong growth over the past year and
especially in the last 6 months. The entire MOS team deserves
credit for the effort they have put in. Our turnaround of the
Company is now gathering real pace and we expect this to increase
rapidly with the launch of further NFT partnerships later this
year."
Please note that the figurers referenced above are unaudited and
whilst the Company believes them to be correct, they remain subject
to audit.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as
it forms part of UK Domestic Law by virtue of the European Union
(Withdrawal) Act 2018. Upon the publication of this announcement,
this inside information is now considered to be in the public
domain.
About Mobile Streams
Mobile Streams delivers world class gaming content to a global
audience, through its LiveScores and mobilegaming.com platforms,
our long-standing carrier relationships in countries including
India, Argentina and Mexico, and partnership with IGS
(International Gaming Systems). Our Streams data insight,
intelligence and visualisation services and marketing optimisation
tools support the content business, as well as serving enterprise
level bespoke clients and the Streams SaaS ("Software as a
Service") self-service platform. Our strategy is to deliver
next-generation content including gaming, Esports and related NFTs
to a global audience.
For further information, please contact:
Mobile Streams plc
Nigel Burton, Adviser
+44 77 8523 4447
www.mobilestreams.com
Beaumont Cornish (Nominated Adviser)
James Biddle and Roland Cornish
+44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Lucy Williams, Duncan Vasey and Eran Zucker
+44 (0) 20 7469 0930
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END
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