StockMarketWire.com - Audioboom expects revenues for the 12 months to the end of November to exceed £4.8m, an increase of more than 250% compared to last year.

But it said certain revenues which were expected to fall into Q4 2016-17 would now be reflected in Q1 2017/18 due to the precise timing of campaigns and bookings, with advanced bookings for Q1 2017/18 being ahead of management's expectations.

The company said it had continued to take steps to control overheads resulting in below budget operating costs for the period.

It said that as a result, the company's overall trading for the year, as measured by underlying EBITDA, was expected to be £4.5 million loss (2016: £4.6 million loss).

It said this figure included certain one-off transactional and legal costs, which totalled over £0.2 million.

If these costs are excluded, the adjusted EBITDA for the year would be further improved to a £4.3 million loss.


At 8:07am: [LON:BOOM] Audioboom Group share price was -0.18p at 3.15p



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