Monitise (LON:MONI) - Expanding the network

Thursday, Feb 14 2013 by

Feb 14th 2013 - Edison Investment Research today published a report on Monitise (MONI.L, LSE:MONI, LON:MONI) entitled "Expanding The Network". In summary, the report says:

Monitise’s H113 results confirmed that user-generated revenues continue to grow strongly, driving gross margins above 70% for the first time, ahead of target. The company reported an EBITDA loss in line with management expectations and is still on track to generate revenues above £70m in FY13. Recent partnerships and acquisitions seek to expand the product offering and add new routes to market. Proceeds from the recent fund-raising are being invested in growing the functionality of the Mobile Enterprise Platform and scaling up service delivery capability. Imminent service launches based on Monitise technology should accelerate user-generated revenues in the medium term, the key to reaching and driving profitability.




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