leadf
logo-loader
viewAirnow PLC

Appscatter posts first revenues as contracts roll in

Some 10,000 businesses and individuals have now registered interest in the platform

picture of apps
There are 300 app stores not just Apple and Google, says Appscatter

Newly-listed app platform developer Appscatter Group PLC (LON:APPS) saw it shares climb 8% on first revenues and a better than expected inflow of new contracts.

The group raised £9mln when it joined AIM in June to fund a commercial ramp-up of its platform following three years of research and development work.

WATCH: appScatter entering a very exciting phase of development

Some 10,000 businesses and individuals have now registered interest in the platform, which monitors where apps are being sold, what the competition is doing and where an app could be sold.

Using the funds raised at IPO, the aim is to convert these licensed users into paying customers following the public launch of the appScatter platform later this year, said Philip Marcella, chief executive.

Plans progressing well

“Plans to officially open the appScatter platform to all businesses involved in developing or publishing mobile apps are progressing well.

READ: appScatter makes healthy gain on AIM debut

“Alongside the public platform launch, appScatter's new automated payment system will become fully functional, which will reduce the need for traditional invoicing as well as reducing our debtor collection period.”

Revenues in the half year to June were £875,000 from zero a year ago, while there was a loss of £2.31mln.

Shares, which were listed at 65p, rose 5.1p to 71.1p.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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...

In exchange for publishing services rendered by the Company on behalf of Airnow PLC named herein, including the promotion by the Company of Airnow PLC in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Airnow at the Proactive One2One Virtual Conference

Airnow PLC's Philip Marcella pitches to investors at Proactive One2One Virtual Conference. Airnow PLC was created in 2019 following the merge of appScatter and Airpush, aimed to provide an end-to-end SaaS platform for the management and monetisation of mobile apps that meets the needs of app...

on 18/9/20

2 min read