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.
Earlier on Wednesday, Mirada reported that pretax loss in the six months that ended September 30 narrowed to USD1.0 million from USD1.2 million a year prior. Revenue fell to USD5.2 million to USD6.0 million, but administrative expenses were reduced to USD6.2 million from USD6.7 million. Further, cost of sales decreased by 61% to USD145,000 from USD369,000.
Current stock price: 34.75 pence, up 8.6% on Wednesday
12-month change: down 53%
By Tom Budszus, Alliance News reporter
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