The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMIRA.L Share News (MIRA)

  • There is currently no data for MIRA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Mirada reports drop in full year earnings

Mon, 18th Jul 2016 13:23

(ShareCast News) - Mirada reported a slight fall in full year earnings on Monday as the group invested in products.The company - which supplies products and services in digital TV and broadcast - reported adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of £1.50m in the year ended 31 March 2016, compared to £1.55m the previous year.The group's net loss widened to £0.40m from £0.18m the prior year.The company blamed higher amortisation charges of £1.63m, up from £1.19m in 2015, due to increased product investment particularly in flagship multi-screen video platform Iris.Delays to the commercial roll out of its digital TV project with South American media group Televisa also affected results.Mirada chief executive Jose-Luis Vazquez said "delays resulting from the integration of the Televisa five cable networks under the Izzi brand shifted the balance of the company revenue mix for the full year towards professional services associated with additional change requests from the customer". "Now we are at a new stage in our relationship with Televisa and the board believes that we will increasingly benefit from subscriber-based license fees as our product is rolled out across their networks."Yet revenues still rose to £6.02m from £5.66m, driven by the provision of professional services relating to the conclusion of the Televisa project.Net debt rose to £3.48m from £2.61m as a result of increased product investment, delays in the full Televisa commercial roll out and currency exchange factors.Vazquez added: "We are currently competing for most of the major live projects in the Latin America region, and are confident that our product quality, proven expertise, and the reference provided by our major deployment with Televisa, will be key strengths in the decision-making process. Meanwhile, our partners and local representatives are building our pipeline in other regions, especially South East Asia and Eastern Europe. "We believe we are extremely well positioned to convert this growing pipeline and this, combined with our expectation of increasing revenues as our software is rolled out across Televisa's network, gives us great confidence for the future."Shares tumbled 17.71% to 4.32p at 1213 BST.
More News
9 Jun 2023 20:12

TRADING UPDATES: Tintra in Rwandan push, Steepe Cement profit flat

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

Read more
2 Jun 2023 15:43

UK shareholder meetings calendar - next 7 days

Monday 5 June 
EnQuest PLCAGM
Tuesday 6 June 
Assura PLCAGM
Billington Holdings PLCAGM
Mast Energy Developments PLCAGM
NB Global Monthly Income Fund LtdAGM
Tasty PLCAGM
WANdisco PLCGM re new shares authorisation and fundraise
Wednesday 7 June 
City Pub Group PLCAGM
Gem Diamonds LtdAGM
Gulf Marine Services PLCAGM
Hostmore PLCAGM
LXi REIT PLCAGM
Pennant International Group PLCAGM
Third Point Investors LtdAGM
United Oil & Gas PLCAGM
Xpediator PLCGM re takeover by DLM Bidco
Thursday 8 June 
Ashtead Technology Holdings PLCAGM
Camellia PLCAGM
Checkit PLCAGM
Churchill China PLCAGM
CRH PLCCourt Meeting and EGM re proposal to transfer the company's primary listing to NYSE
Downing Renewables & Infrastructure Trust PLCAGM
Fair Oaks Income LtdAGM
Fusion Antibodies PLCGM re result of retail offer
Genflow Biosciences PLCAGM
Glenveagh Properties PLCAGM
Kavango Resources PLCAGM
Kosmos Energy LtdAGM
Melrose Industries PLCAGM
North American Income Trust PLCAGM
Oriole Resources PLCAGM
Panther Metals PLCAGM
REA Holdings PLCAGM
Renalytix PLCGM re director's authorization to allot new shares and equity securities for cash
Vaalco Energy IncAGM
Friday 9 June 
Arecor Therapeutics PLCAGM
Devolver Digital IncAGM
Fulham Shore PLCGM and court meeting re takeover by Torridoll Holdings Corp
Hochschild Mining PLCAGM
Mirada PLCGM re cancellation and re-registration as PLC
MP Evans Group PLCAGM
S4 Capital PLCAGM
Sureserve Group PLCCourt Meeting and GM re acquisition by CAP10 
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
18 May 2023 17:27

Mirada slides on plan to leave AIM and return to private ownership

(Alliance News) - Mirada PLC on Thursday announced plans to cease trading on AIM and return to private ownership, sending shares plummeting 61%.

Read more
18 May 2023 16:56

LONDON MARKET CLOSE: Stocks up and dollar boosted by hawkish Fed bets

(Alliance News) - London's FTSE 100 ended higher on Thursday, continuing a slightly up-and-down week, helped by a weaker pound, as a rally in the dollar on an unwinding of doveish Federal Reserve bets continuing.

Read more
28 Dec 2022 13:36

IN BRIEF: Mirada increases loan facility with Leasa to EUR5.1 million

Mirada PLC - Surrey, England-based provider of software for digital television - Increases its loan facility with Leasa Spain SLU by EUR700,000 to EUR5.1 million. In June 2019, Mirada's subsidiary, Mirada Iberia, SAU, agreed to a loan facility of up to EUR1.4 million. This has been increased several times since, most recently before Wednesday to EUR4.4 million at the end of October. The facility matures at the end of November 2023. It is unsecured and has an interest rate of 8% per year on money that is drawn from it.

Read more
28 Dec 2022 08:30

Mirada interim loss narrows on reduced expenses and currency gain

(Alliance News) - Mirada PLC on Wednesday reported a narrowed half-year loss as it benefited from currency movements and lower expenses.

Read more
28 Oct 2022 11:59

IN BRIEF: Mirada increases loan facility from controlling shareholder

Mirada PLC - Surrey, England-based broadcasting technology firm - Increases loan facility with Leasa Spain SLU. Notes Ernesto Flores, who holds a beneficial interest of 87% in the firm through his indirect interest in Kaptungs Ltd, controls Leasa Spain. The facility increases by EUR1.2 million to EUR4.4 million and is drawn up to EUR3.2 million. After consultation with its nominated advisor, Mirada considers the terms to be fair and reasonable insofar as its shareholders are concerned.

Read more
19 Oct 2022 15:40

UK shareholder meetings calendar - next 7 days

Thursday 20 October 
abrdn UK Smaller Companies Growth Trust PLCAGM
Argo Group LtdAGM
Dechra Pharmaceuticals PLCAGM
DX Group PLCGM re 2021 financial year annual report
Gateley Holdings PLCAGM
Science in Sport PLCGM 
Xeros Technology Group PLCGM capital reorganisation
Friday 21 October 
Diurnal Group PLCGM re Neurocrine takeover
Trafalgar Property Group PLCAGM
Monday 24 October 
Echo Energy PLCGM new ordinary shares conversion
Fintech Asia LtdAGM
Rural Broadband Solutions PLCEGM investment from Tiger Infrastructure Partners Fund and name change
Seraphim Space Investment Trust PLCAGM
Vast Resources PLCGM allotment of equity securities
Tuesday 25 October 
Hammerson PLCGM re proposed capital reduction
International Consolidated Airlines Group SAEGM 
Next Fifteen Communications Group PLCGM cash and share acquisition
Rio Tinto PLCGM re China Baowu Steel Group deal
Tritax EuroBox PLCGM Investment Management Agreement
Vertu Capital LtdGM readmission of ordinary shares
Wednesday 26 October 
JPMorgan Global Growth & Income PLCAGM
KCR Residential REIT PLCAGM
International Consolidated Airlines Group SAEGM aircraft purchase
Mid Wynd International Investment Trust PLCAGM
Mirada PLCAGM
Omega Diagnostics Group PLCAGM
Woolworths Group LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
30 Sep 2022 17:32

EARNINGS UPDATES: Harland & Wolff interim revenue climbs

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

Read more
26 Sep 2022 16:55

TRADING UPDATES: Mirada extends loan; Atlantic Lithium joins ASX

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

Read more
26 Sep 2022 14:45

IN BRIEF: Mirada wins contract extension with SKYmedia in Mongolia

Mirada PLC - Surrey, England-based broadcasting technology firm - Furthers partnership with SKYmedia Corp LLC, a communications service provider in Mongolia and a subsidiary of mobile phone operator Skytel Group LLC, through a contract extension. The contract covers SKYmedia's entertainment streaming service in Mongolia. Mirada will add a number of additional features to enhance the platform.

Read more
12 May 2022 15:35

TRADING UPDATES: Secure Trust lending up; Eurocell sales climb

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

Read more
1 Apr 2022 10:58

IN BRIEF: Mirada Chair Francis Coles resigns immediately

Mirada PLC - Surrey, England-based broadcasting technology firm - Announces Chair Francis Coles leaves the company effective immediately due to family reasons. Chief Executive Officer Jose-Luis Vazquez assumes the role of acting chair. "A formal search process has commenced to appoint a new chair," Mirada says. The company is also seeking to appoint a further non-executive director, it adds.

Read more
2 Dec 2021 15:49

Mirada sees strong second half due to largest customer Izzi Telecom

Mirada sees strong second half due to largest customer Izzi Telecom

Read more
17 Nov 2021 19:36

TRADING UPDATES: 3i Infrastructure opens USD512 million investment

TRADING UPDATES: 3i Infrastructure opens USD512 million investment

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.