Mirada PLC - COVID-19 Update
("Mirada" or the "Company")
Mirada (AIM: MIRA), a leading provider of integrated software solutions for digital TV operators and broadcasters, provides an update on its response to the COVID-19 outbreak. The Company is pleased to announce that there has been minimal impact from COVID-19 on its business to date.
Mirada proactively migrated all its staff to a remote working environment on Tuesday 10 March, several days ahead of the lockdown in all the countries in which it operates. This was a relatively smooth and simple process as the Company had introduced the ability for its staff to work remotely several years ago. This measure was introduced as a benefit to employees; in order to maximise the flexibility of the Company's workforce; and to ensure Mirada's operations could continue with minimal disruption, as has been the case on this occasion.
In addition, Mirada is currently assisting its clients as they take measures to maximise the support given to their customers during these turbulent times. These include:
· Spanish operator
· One Communications in
· Mirada's largest client, izzi Telecom in
Mirada does not expect any significant impact from COVID-19 on revenue for the fiscal year ended
Regarding the potential impact of COVID-19 on the new fiscal year, this will largely depend on the performance of Mirada's customers. While there has been a substantial increase in the levels of consumption of broadband and audio-visual services, which are the main revenue drivers for Mirada's customers, it is too early to assess the impact that COVID-19 could have on the Company's revenue this financial year.
Gonzalo Babío, Chief Financial Officer
+44 (0) 207 868 2104
(AIM Nominated Adviser and Broker)
+44 (0) 207 653 9850
+44 (0) 20 3328 5656
Mirada is a leading provider of products and services for Digital TV Operators and Broadcasters. Founded in 2000 and led by CEO
Mirada's products and solutions, acclaimed for unparalleled flexibility and optimal time to market, have been deployed by some of the biggest names in digital media and broadcasting including Televisa, Telefonica, Sky,
This information is provided by RNS, the news service of the
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Market Cap: £8.02 m
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