Mobile Streams forecasts loss after revenue slides
Source - SMW
Mobile Streams said its first-half revenue would almost half after challenging market conditions in India prompted it to slash its marketing budget.
Revenue for the six months through December fell to £1.85m, from £3.6m a year earlier. Second-half revenue was expected to be lower than the first half, the company added.
Mobile Streams said it expected to book a loss at the Ebitda level for the first half in the region of £700,000. An expected loss in the second half would be "lower" than the first.
At 9:43am: (LON:MOS) Mobile Streams PLC share price was -0.25p at 2.63p