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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Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »