Australia's Ai-Media rallies on revenue outlook, EBITDA break-even

Ai-Media Technologies

23/02/2022 01:15

** Shares of Ai-Media Technologies Ltd  AIM.AX  soar as much
as 17.3% to A$0.645, their biggest ever intraday percentage
gain, if gains hold
    ** Media tech firm sets full-year revenue guidance of A$60
mln to A$62 mln, with a midpoint 24% above its reported FY21
revenue of A$49.2 mln  urn:newsml:reuters.com:*:nASX2tPyTr 
    ** Reports revenue of A$29.6 mln during its first-half, up
29%
    ** Co breaks even on half-year EBITDA, from an EBITDA loss
of A$7 mln a year ago
    ** AIM hits highest since Feb. 4
    ** Stock has lost 22% YTD, as of last close 
    


 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))