07:00 Wed 05 May 2021
Mirada PLC - Year End Trading Update
Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the
Mirada plc
("Mirada" or the "Company")
Year End Trading Update
Mirada plc (AIM: MIRA), a leading provider of integrated software solutions for digital TV operators and broadcasters, provides the following trading update for the financial year ended
The Board of Mirada is pleased to report that it expects trading to be in line with market expectations for revenue, EBITDA and profit before tax for the financial year ended
After the global impact of the COVID-19 pandemic during much of 2020, trading improved during the second half of the financial year as customers re-commenced their investment plans, driven by end-user demand for OTT platforms and online content. In particular, the deployment of Mirada's Android TV solution for its customers has seen stronger demand than internally forecast. Between launch in
In addition, the Company is very well positioned to benefit from the new trend of super-aggregation, where TV operators aggregate content from numerous subscriptions onto a single convenient platform. Not only is Mirada integrated with all the major content providers, including Amazon Prime Video, Disney+, HBO and Netflix, but it has already deployed aggregated solutions of this kind with customers. This is especially attractive to Mirada's potential customers as it not only provides a reference point of the Company's ability to replicate deployment with other clients, but it also means significantly shorter time-to-market, simplified process of negotiations between operators and content providers and several other advantages. It is also a very compelling proposition for the end-users, due to the unified search and recommendation environment, allowing subscribers to easily find their content instead of spending time browsing over separate OTT services.
Finally, as announced previously, the COVID-19 related slowdown in the sales activities the Company had been experiencing in the past year has now reversed and Mirada has a strong pipeline of opportunities covering a wider geographic reach than at any time previously. With potential from across the globe,
All financial information included in this announcement is subject to audit.
Enquiries:
Mirada plc Gonzalo Babío, Finance Director |
+44 (0) 208 187 1661 |
SEC Newgate
|
+44 (0)20 7653 9850
|
Allenby Capital Limited (AIM Nominated Adviser & Broker) |
+44 (0)20 3328 5656 |
About Mirada
Mirada is a leading provider of products and services for Digital TV Operators and Broadcasters. Founded in 2000 and led by CEO
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