Last checked at 4 Aug 2022 07:00
4 August 2022
Mobile Streams plc
("MOS" or "the Company")
Mobile Streams reports unaudited revenue growth of 180% to £1.1 million in FY22
Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is delighted to announce total unaudited revenue for the year to 30 June 2022 reached £1.1 million (FY21: £395k), an increase of approximately 180% over the previous year.
The 6 months to June 2022 generated revenue of £810k, a 270% increase on the 6 months to 30 June 2021 (£219k), demonstrating continued strong growth. Total monthly revenue reported in June 2022 was £181k (approx.$243k), representing a monthly increase of circa 62% since the Company's last update on 1 March 2022. In addition, for the year ended 30 June 2022, Gross Profit is expected to be £498k and EBITDA -£490k (FY21 -£1,032k).
The Company expects revenue to continue to grow strongly throughout calendar year 2022 and into 2023, with particularly fast revenue growth from its NFT business which, based on internal forecasts, has the potential to exceed all other revenue streams by the end of the financial year 2023. As recently announced on 4 July 2022, MOS has signed a major deal to become the exclusive provider of all NFTs for the Mexican club Pumas, one of the biggest football clubs in Latin America and currently up to 30 additional deals are being worked on. As previously announced, the Pumas Agreement contains an agreed target revenue figure over the 5 years of the contract, of which MOS's share is approximately USD 14.5 million.
Mark Epstein, CEO, commented:
"We are delighted with our strong growth over the past year and especially in the last 6 months. The entire MOS team deserves credit for the effort they have put in. Our turnaround of the Company is now gathering real pace and we expect this to increase rapidly with the launch of further NFT partnerships later this year."
Please note that the figurers referenced above are unaudited and whilst the Company believes them to be correct, they remain subject to audit.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
About Mobile Streams
Mobile Streams delivers world class gaming content to a global audience, through its LiveScores and mobilegaming.com platforms, our long-standing carrier relationships in countries including India, Argentina and Mexico, and partnership with IGS (International Gaming Systems). Our Streams data insight, intelligence and visualisation services and marketing optimisation tools support the content business, as well as serving enterprise level bespoke clients and the Streams SaaS ("Software as a Service") self-service platform. Our strategy is to deliver next-generation content including gaming, Esports and related NFTs to a global audience.
For further information, please contact:
Mobile Streams plc
Nigel Burton, Adviser
+44 77 8523 4447
www.mobilestreams.com
Beaumont Cornish (Nominated Adviser)
James Biddle and Roland Cornish
+44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Lucy Williams, Duncan Vasey and Eran Zucker
+44 (0) 20 7469 0930