Published on: July 6, 2015
EBITDA and cash spend improving
Mobile money specialist Monitise has released a year end update highlighting revenues of £88-90m (versus £90-100m guidance) for FY2015E and materially improved second half EBITDA losses and cash spend. The company also maintained guidance for EBITDA profitability in FY2016E. Monitise has also flagged the very different prospects, resource requirements and management needs of its new (higher-margin) SaaS and its established customised platforms.