cdog trading update 21 july26 Jul 2015 16:32
CDialogues plc (AIM: CDOG), the provider of mobile marketing solutions to Mobile Network Operators (MNOs), provides a trading update for the six month period ended 30 June 2015 which is in line with management expectations. Trading during the period continued to build strongly on the momentum achieved during the previous year allowing the Company to increase its profitability, revenue base, cash balances and geographic reach. Growth in all key fundamentals underpinned another period of expansion as the Company's subscription-based recurring revenue model continued to drive growing returns.
Revenue for the first half of the current financial year is above €5.3 million (1H 2014: €4.0 million) with EBITDA above €1.6 million (1H 2014: €1.4 million), representing year on year growth of approximately 30% and 15% respectively. Free cash flow for the same period reached approximately €1.4 million (1H 2014: €0.5 million) significantly enhancing the Company's cash position which was at the level of €3.7 million as of 30 June 2015 (31.12.2014: €2.4 million).
During the first half of the year, CDialogues delivered mobile marketing campaigns in five countries across the Middle East and Southeast Asia. Looking ahead, the Company has identified a pipeline of potential new projects, a number of which are currently undergoing preparations for launch in the coming months. As such, the Board remains confident that these will result in further revenue growth opportunities during the second half of the year.
Brilliant statement from recent trading update
results on Sept 21 so well worth a look and research