Decrease in revenues... Decrease in gross profit... Still a sizeable net loss...almost out if cash. Maybe some book keeping going on but PINN are very much a work in progress. Plenty to do and plenty to be cautious of here IMHO short term.
Having already been heavily involved in the 2012 Olympics I think they will be targetting Euro 2016
"Pinnacle Technology also supplied infrastructure for a number of major UK sporting events in the summer of 2014. As noted in the half year report, over the years Pinnacle has reported substantial revenues within this segment through supplying broadcasters and event organisers with specialised communication services, however development of this business requires extensive industry knowledge and non-standard delivery channels. In June 2014 Pinnacle announced that it entered into an agreement with Pinnacom Limited to develop opportunities in this sector on commercially attractive terms, retaining core connectivity sales to the media industry and co-marketing rights, without absorbing the costs associated with seasonal business fulfilment. Whilst this arrangement will have initially only a modest but positive cash impact, we are confident Pinnacom's expertise in the sector will produce greater profits for Pinnacle than would otherwise be possible."
Just because mobile solutions may currently only make up 6% of total revenue, doesn't mean that will stay 6% in the future with any new deals. Sure, it may mean a continuation of existing services, or it may mean a significant new deal, or increase. There is nothing for certain here and one of our fellow posters is testament to this fact.
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