Published on: September 16, 2014
Growth Story Intact
Although undershooting original guidance, mobile money specialist Monitise delivered another year of strong growth in FY 2014. As flagged in the July update, revenues were up 31% to £95.1m with EBITDA losses of £31.4m. More positively, existing targets of 25% revenue growth in 2015 and 200m registered users with £2.50 ARPU in 2018 have been re-iterated. The move towards a SaaS technical platform, deepening of the IBM relationship and the strengthening of the role of neutral service provider of choice provide further confidence in the growth story.