Digital media and technology group Milestone (LON:MSG) said it is now well positioned to build new revenue opportunities after a year of bedding in acquisitions and strengthening its team.
It has launched the Passion Project that enables teens to find vocational training, and also launched OnSide, the risk assessment tool used by football coaches that is in use with the Charlton Athletic Community Trust.
The financials reflect this year of change. Revenues were up to 391% to £766,391 in the year to September 30. But as is usual for businesses at this stage of development, Milestone was loss making – to the tune of £1.3mln. The group recently raised £812,000.
Chief executive Deborah White said: "2012 has been a year of integrating the acquisitions made in the last period and building a stronger team to deliver the company's vision
“We believe that the group is now well positioned to leverage its core capabilities to enhance and build new revenue opportunities across the media and technology sector.
"The vision for the group is to create significant shareholder value through the innovative use of media and technology in new and emerging marketplaces and, wherever possible, contributing to positive social change via the design of its products and services.
“Combining our expanding in-house team and key industry contacts with a proven track record, poses for an exciting year to come."