Brief: Mirada Sees FY Revenues Above Initial Expectations

Mirada

29/04/2019 07:28

April 29 (Reuters) - Mirada PLC  MIRA.L :
    * MIRADA PLC  - YEAR END TRADING UPDATE
    * MIRADA PLC - EXPECTS TOTAL REVENUES FOR YEAR TO BE ABOVE
ITS
INITIAL EXPECTATIONS
    * MIRADA PLC - SEES REVENUE FOR FY TO BE ABOVE ITS INITIAL
EXPECTATIONS, GROWING BY 40 PER CENT TO APPROXIMATELY $12.3
MILLION
    * MIRADA PLC - ADJUSTED EBITDA (AFTER SHARE-BASED PAYMENT
CHARGE
AND CAPITALISATION) IS EXPECTED TO REACH A POSITIVE FIGURE FOR
FY
    * MIRADA PLC - REGISTERED A DECREASE IN NET DEBT FROM $11.7
MILLION AT 31 MARCH 2018 TO $4.9 MILLION AT 31 MARCH 2019
    * MIRADA PLC - FY GROWTH HAS BEEN DRIVEN IN PART BY
CONTINUED
RELATIONSHIP WITH IZZI TELECOM
    * MIRADA PLC - BY END OF MARCH 2019, IZZI TELECOM REACHED
MILESTONE OF TWO MILLION SET-TOP BOXES DEPLOYED IN MEXICO WITH
MIRADA TECHNOLOGY
    * MIRADA PLC - BOARD IS CONFIDENT IN OUTLOOK FOR NEW
FINANCIAL
YEAR

Source text for Eikon:  ID:nRSc3146Xa 
Further company coverage:  MIRA.L 

 ((Reuters.Briefs@thomsonreuters.com;))