Mobile Streams PLC - London-based mobile content provider - Pretax loss widens to £3.8 million in the financial year that ended June 30 from £2.5 million the year before, as administrative expenses grew 10% to £2.2 million from £2.0 million, and selling and marketing costs multiply to £876,000 from £264,000. Mobile Streams also takes goodwill impairments of £360,000 and impairments of intangibles of £348,000. Revenue, however, jumps 80% to £1.8 million from £1.0 million a year prior. Attributes this growth to its strategic partnership contract with International Gaming Systems, first signed in 2022, which has now been completed.

Current stock price: 0.060 pence, down 11%

12-month change: down 50%

Copyright 2023 Alliance News Ltd. All Rights Reserved.