Interim Results
Financial Highlights
· H1 FY 2013 revenue of £27.8m, up 63% on H1 FY 2012; up 22% on an organic basis2.
o Strong growth in user generated revenue on a reported and organic basis, up 164% and 70% respectively, rising on a reported basis to 51% of total revenues from 31% in H1 FY 2012 and 37% in H2 FY 2012.
· Gross margins increased to 72% from 64% in H1 FY 2012, driven by a greater proportion of user generated revenue.
· EBITDA3 in Live Operations4 of £5.3m (H1 FY 2012: £5.1m).
· EBITDA loss of £14.7m (H1 FY 2012 loss: £4.2m), in line with management expectations, reflecting the acquisition of Clairmail Inc., continued investment in scaling of the Monitise Enterprise Platform and Group service delivery capabilities.
· Group pre-tax loss of £24.4m (H1 FY 2012: profit £1.1m).
· Free cash outflow5 was £21.6m in H1 FY 2013, compared to £22.6m in H2 FY 2012.
· Gross cash of £106.4m as at 31 December 2012.
Monitise partners BlackBerry and PermataBank
Monitise plc (LSE: MONI.L) announces that the world's first mobile payments service for BlackBerry® Messenger (BBM™) that it has helped to develop will shortly launch following a commercial pilot in Indonesia, the world's fourth most populous country.