BOOM3 May 2017 14:33
British audio startup Audioboom Group plc (LON:BOOM) shares declined 5.06% to 2.23p as it reported a full year loss, reflecting the cost of increasing its investment in the US.
The company reported a loss of £4.6mln, though it was an improvement on last year’s £5.7mln. Revenue edged up to £1.3mln from £1.1mln, driven by advertising.
Audioboom said it has booked £3mln in advertising campaigns for 2017.
Will bounce back soon.