Published on: February 24, 2014
Expansion at Pace
Monitise has wrapped up a very active first half with revenues up 67% to £46.5m (driven particularly by user-related product licences) and reduced EBITDA losses of £10.2m. The company has maintained its full year outlook of 50% growth, and highlights multiple opportunities, for which it continues to invest in technology and staff. We make modest changes to our forecasts to reflect the pace of spend as the group moves to capitalize on a number of opportunities. We also present some key points from the analyst meeting.