Crossrider operates in the rapidly growing digital advertising market, specialising in improving return on investment for advertisers and better monetisation for publishers through the analysis of big data. Crossrider has both web and mobile platforms which generate big data and has developed a proprietary ad serving algorithm and engine that can extract value from this data to deliver relevant advertising to targeted users. In August 2014 the Group delivered 1.6 billion adverts per day. Crossrider provides a number of services to its clients: Web apps platform Allows developers to build browser web apps (also commonly referred to as extensions or add-ons) which function on each of the four main web browsers. Crossrider enables developers to monetise their web apps through the provision of intelligent advertising. Advertising revenue is shared between the developer and Crossrider. Mobile ad server Crossrider's Ajillion business is a white-label mobile ad server, ad exchange and demand-side platform, used by mobile ad networks, agencies and monetisation platforms. The platform currently empowers over 100 ad networks. Ad network The Group, through its own mobile ad network, DefinitiMedia, delivers solutions for performance based advertisers and publishers in the mobile field. Software distribution The Group has its own proprietary software tool, which offers users a repair service for PCs and mobile devices via the internet. This tool, known as Reimage, has repaired over 1.5 million PCs and mobile phones. The Company's headquarters will be based in the UK, while the Group has operating subsidiaries in Israel, Cyprus, Romania and Russia.

first date of trading: 30/09/2014

Crossrider is a publicly traded company listed on the London Stock Exchange (LSE AIM). The placing, which was oversubscribed, successfully raised £45.9 million (US$75 million) before expenses, at the Placing Price of 103 pence per share

Trading Statement
RNS
RNS Number : 8305T
Crossrider plc
23 July 2015

Crossrider plc



("Crossrider," the "Company" or the "Group")





Half Year Trading Update



Notice of Results



Crossrider (AIM: CROS), the creator of digital advertising platforms specialising in monetising web and mobile media through the use of big data, today provides an update on trading for the six month period ended 30 June 2015.



Trading update



The Group announces today that for the six months ended 30 June 2015 it expects to report revenues in line with its expectations at approximately US$41 million. This is a circa 52% increase compared with US$27 million for the six months ended 30 June 2014. The Group expects to report EBITDA for the six months ended 30 June 2015 of between US$5.3 million and US$5.7 million.



The web business has continued to produce strong operating margins and the Group expects to report growth in margins from mobile as a result of improved optimisation of monetised ads. As planned, we continue to invest in new technology such as Video, Real Time Bidding and Programmatic Trading as well as the continued integration of our existing technology across web and mobile.



We have continued to expand our reach by adding new traffic sources and customers on our mobile ad-exchange. The number of daily available ad spaces grew from 5.3bn in December 2014 to 7.5bn in June 2015. During June 2015 the Group delivered ads to 220 million users (December 2014: 200 million users).



The Directors expect the Group to meet its full year trading expectations. The balance sheet remains strong and the Board is confident in the Group's ability to execute accretive acquisitions.



Koby Menachemi, Chief Executive Officer of Crossrider, said:



"Crossrider is at the technological forefront of the rapidly growing digital advertising marketplace. Our position as a leading platform for the mobile advertising sector is delivering organic growth for the Group, which is reflected in the growth in margins we are seeing in mobile. This organic growth and continued investment in mobile has brought the Group to its strongest ever position and the Board is able to look to execute its acquisition strategy with confidence."





Notice of Results

The Company will announce its unaudited interim results for the six month period ended 30 June 2015 on 8 September 2015.





- ends -

Half Yearly Report
RNS
RNS Number : 3458Y
Crossrider plc
08 September 2015

Crossrider plc


("Crossrider," the "Company" or the "Group")



Unaudited interim results for the six months ended 30 June 2015
Related Party Transaction



Crossrider (AIM:CROS) the creator of digital advertising platforms specialising in monetising web and mobile media through the use of big data, today announces its unaudited half year results for the six months ended 30 June 2015.


Financial highlights


§ Revenue increased 53 per cent, up $14.2 million to $40.8 million (H1/14: $26.6 million)

§ Organic revenue growth of $11.4 million

§ Adjusted EBITDA(1) in line with expectations at $5.5 million (H1/14: $7.6 million) following continuing investment in operations

§ Adjusted cash flow from operations(1) $5.0 million (H1/14: $7.0 million)

§ Adjusted basic EPS(3) 2.6 $ cents per share, (H1/14: 7.4 $ cents per share)

§ Nil debt on balance sheet with $78.3 million of cash balances at the period end to execute acquisition strategy



(1) EBITDA, Adjusted EBITDA and Adjusted cash flow from operations are non GAAP measures. Adjusted EBITDA and adjusted cash flow from operations are company specific measures which exclude other operating income and expenses which are considered to be one off and non-recurring in nature. (See reconciliation in the Chief Financial Officer's review below).

(2) Adjusted basic EPS excludes the after tax impact of amortisation of acquired intangibles, and other operating income and expenses which are considered to be one off and non-recurring in nature.



Operational highlights


§ 62 per cent organic revenue growth from Mobile

§ Extended reach:

o Average unique monthly users up 20 million since December 2014 to 220 million

o Average daily available ad spaces up 2.2 billion since December 2014 to 7.5 billion

§ Integration of technology across web and mobile and resulting mobile margin improvement

§ Investment in technology expected to drive margin improvement and therefore increased profitability in H2/15



Post Balance sheet events



§ Investment of $0.9m in programmatic video technology company Clearvelvet

§ Soft launch of new mobile affiliate network enhancing our existing mobile offering

§ Investment in Algorithmic programmatic media buying platform being developed jointly by Crossrider and (related party) Adience SER Ltd



Outlook



Current trading for the post balance sheet period, particularly in August, is strong and given the Group's focus on margin improvement through the use of technology the Directors expect Group EBITDA to exceed current full year forecasts. Reflecting the high margin strategy, correspondingly revenue is expected to be slightly below market expectations. The balance sheet remains strong and the Board is confident in the Group's ability to execute accretive acquisitions.



Commenting on the results, Koby Menachemi, Chief Executive Officer of Crossrider, said:



"Crossrider's vision is to be the de facto global platform for the digital advertising sector. The first six months of the year has seen organic growth across our platforms, particularly in mobile. The key to being at the cutting edge of our rapidly growing market place is our continued investment in technology and we are very excited by the recent investment in programmatic media buying and video technology which create the building blocks for future growth. Additionally, we continue to search for suitable earnings accretive acquisitions and are evaluating a number of meaningful opportunities."



Related Party Transaction



On 7th September 2015 Adience SER Ltd ("Adience") signed a software license agreement with Crossrider to provide Crossrider with a licence to use its algorithm as part of Crossrider's programmatic media buying platform. The licence will be provided for a fee based on a share of the gross profit generated by Crossrider's programmatic media buying platform. The fee will be a 35 per cent. gross profit share up to the first $1 million and 18 per cent. thereafter.



The transaction set out above constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies ("AIM Rules") as Adience is a related party of the Company by virtue of being an "associate" for the purposes of the AIM Rules of Unikmind Holdings Limited, a substantial shareholder (as defined in the AIM Rules) of the Company. The Directors of Crossrider, having consulted with the Company's nominated adviser, Shore Capital & Corporate Limited, consider that the terms of this transaction are fair and reasonable insofar as the Company's shareholders are concerned.

Crossrider PLC (CROS:LSE) set a new 52-week high during today's trading session when it reached 53.20. Over this period, the share price is up 31.25%.

ST of IC today -Effectively, the shares are rated on just seven times cash adjusted EPS estimates, a rating that fails to take into account the high probability of further earnings accretive acquisitions. Buy

Folk: just have a look at this one> More than half of its market value is held in cash. Making the rest PE around 6. Am I missing something? Looks cheap and growing.
What would be the catch?