Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Mobile Streams shares fall as it updates on 2016 expectations

Smartphone app specialist Mobile Streams updated on expectations for the year to end June, 2016.
Mobile Streams shares fall as it updates on 2016 expectations
Mobile Streams sells apps for smartphones

Smartphone app specialist Mobile Streams (LON:MOS) saw shares lose 20% as it updated on expectations for the year to end June, 2016.

Due to investment in new products such and new geographies such as India and Nigeria, as well as ongoing challenges in the core market of Argentina, the AIM firm said it expected revenues to be materially lower than current market expectations and EBITDA (underlying earnings) to be around breakeven.

It added it would update guidance in due course and expects to release its 2015 full year results in early October.

The AGM is planned for November 3 in London.

In an update last month, the firm said for 2015 year, EBITDA had been in line with market expectations, while revenues were around £29 million, down from ££48.6mln in 2014.

Mobile Streams ended the 2015 year free of debt with £2.9mln in cash, down from £3.2mln at the end of June 2014.

View full MOS profile View Profile

Mobile Streams Plc Timeline

Related Articles

1504096349_shutterstock_420468130.jpg
February 19 2018
It also confirmed it expects growth for the full-year to be in line with market expectations

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use