Aferian Share News (AFRN)

Aferian annual loss balloons after revenue dives; shares fall

(Alliance News) - Aferian PLC on Friday said the company increased borrowing after reporting a significant fall in revenue.

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Abingdon Health buys IVDeology Holdings

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Aferian extends maturity dates on bank facilities, shareholder loan

(Sharecast News) - Video streaming specialist Aferian announced an extension of the maturity dates for its senior loan facilities and shareholder loan on Tuesday.

Aferian CEO resigns, forecasts revenue at lower end of guidance range

(Alliance News) - Aferian PLC on Monday said Chief Executive Officer Donald McGarva will step down, while also providing downbeat expectations on its annual results.

AIM WINNERS & LOSERS: Base Resources surges on takeover offer

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

Aferian updates full-year expectations amid sales cycle challenges

(Sharecast News) - Video streaming technology company Aferian said in a trading update on Tuesday that it expected to report total revenue between $47m and $48m for the financial year just ended.

EARNINGS AND TRADING: Porvair buys EFC, Iomart interim profit falls

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Aferian firms selected to power Thurcom video services in Switzerland

(Alliance News) - Aferian PLC on Tuesday said that its subsidiaries 24i and Amino have been selected by Technische Betriebe Wil to power the video services of the latter's subsidiary, Thurcom.

IN BRIEF: Aferian loss widens as revenue slumps; no dividend paid

Aferian PLC - Cambridge, England-based business-to-business company providing video streaming solutions - Reports revenue in the six months ended May 31 of USD23.3 million, down 48% from USD44.5 million the year prior reflecting a 71% drop in devices revenue to USD9.4 million from USD32.5 million. Explains performance was in line with the trading update announced on June 28. Pretax loss widens to USD8.6 million from USD811,000 the year before. No dividend is declared after a 1 pence payout last year. Donald McGarva, chief executive officer says: "This has been a very busy and challenging half for Aferian. The restructuring of our cost base in 24i and Amino is generating significant annualised cost savings and providing a stronger platform on which to build and grow. Demand in our 24i division has remained strong as we continue our strategic focus on growing software and services revenue in the fast-growing video streaming market." Adds "With 90% of revenue contracted for the full year and a well-developed pipeline of well qualified prospects, we remain confident in the full year outcome."

Aferian, Amagi provides Virgin Media ad-funded streaming TV channels

(Alliance News) - Aferian PLC on Wednesday said telecommunications, media and internet firm Virgin Media Ltd has used Aferian's 24i solution to launch a monetise a new lineup of free ad-supported streaming TV channels on Virgin TV.

Director dealings: Aferian exec invests, ICG board member sells shares

(Sharecast News) - Aferian was among those on the list of director buys on Thursday, after the B2B video streaming solutions company disclosed a purchase of 100,000 shares.

CORRECT: Aferian jumps on USD4.0 million share placing at premium

(Correcting that Aferian's placing price was a 20 premium, not a discount.)

Director dealings: Origin Enterprises, Aferian execs invest in shares

(Sharecast News) - Origin Enterprises was among those disclosing a director purchase on Wednesday, after its chief executive officer picked up 20,000 shares.

Aferian raises USD4 million in share placing to avoid loan drawdown

(Alliance News) - Aferian PLC on Tuesday said it completed a placing of USD4.0 million worth of shares, equal to 30% of outstanding shares before the issue.