CDialogues PLC Pre-Close Trading Update - RNS Released Pre-Market (2899N)
26 July 2014 - 1:57AM
UK Regulatory
TIDMCDOG
RNS Number : 2899N
CDialogues PLC
25 July 2014
25 July 2014
CDialogues plc
("CDialogues" or the "Company")
Pre-Close Trading Update
CDialogues plc (AIM: CDOG), the provider of mobile marketing
solutions to Mobile Network Operators (MNOs) provides a trading
update for the three month period to 30 June 2014, which is in line
with market expectations.
Trading during the three month period ended 30 June 2014
continued to build strongly on the momentum achieved in the first
quarter of 2014 while the recent new campaign launches are expected
to lead to further revenue diversification.
Revenue for the first half of the current financial year is
approximately EUR4m with EBITDA no less than EUR1.4m representing
year on year growth of above 100 per cent for both. Free cash flow
for the same period (excluding one-off items relating to the AIM
listing) reached approximately EUR 0.5m further enhancing our cash
position which was at the level of EUR 1.75m as of 30 June
2014.
Subscription-based revenues, which provide greater scalability
and visibility for the business, accounted for more than 75 per
cent of total revenues for the first half of the year.
After the recent launches of new projects, CDialogues is now
operating campaigns for a total subscriber base of 27m customers
(31.03.2014: 15m) in the Middle East.
Pale Spanos, Chief Executive Officer, commented: "The first half
has been a very busy and productive period for CDialogues. When we
came to the AIM market earlier in the year, we highlighted the fact
that we had a strong pipeline of opportunities and are delighted
with the recent campaign launches. Furthermore, new campaigns are
set to launch soon and we expect to further diversify our revenue
base and geographical footprint over the next six months. We look
forward to further developing our operations in the Middle East and
Africa and strategic partnerships with MNOs."
George Karakovounis, Vice Chairman and CFO, commented:
"Following our recent AIM listing, CDialogues is continuously
strengthening its position and is now able to run more and larger
mobile marketing campaigns going forward. As new campaigns are
added and reach a more mature stage, our revenue (mainly
subscription based) is expected to continue growing and the profit
margins are being maintained. We look forward to continue building
on the profitable performance achieved in the year to date. "
CDialogues will announce its interim results for the six months
ended 30 June 2014 on Monday 15 September 2014.
Enquiries:
CDialogues Plc
George Karakovounis Tel: +30 (210) 630 0930
Pale Spanos Tel: +30 (210) 630 0930
Strand Hanson Limited
Andrew Emmott Tel: 020 7409 3494
Rory Murphy
Mirabaud LLP
Peter Krens Tel: 020 7321 2508
Walbrook PR Ltd Tel: 020 7933 8780/ cdialogues@walbrookpr.com
Paul Cornelius Mob: 07866 384 707
Nick Rome Mob: 07748 325 236
About CDialogues
CDialogues provides mobile marketing solutions enabling MNOs to
retain and acquire market share, increase average revenue per user
(ARPU) and reducing subscriber churn.
The Company's products and services deliver fully managed
solutions, utilizing advanced Data analytics techniques combined
with Linguistic engineering marketing, to build awareness and
multiply sales and opt-ins of promotional offerings and other
mobile content being offered by the MNOs.
The campaigns designed by the Company, are tailored and served
with the appropriate Linguistic format, to each individual mobile
network subscriber typology and geography it operates in, using its
proprietary software and scalable infrastructure.
The majority of CDialogues' revenues are derived from a
recurring subscription-based revenue model, which has been
pioneered by the Company. As a result, the Company benefits from
incremental cash flow growth from each new campaign customer and
mobile network subscriber.
The Company's near-term focus is on growing both its customer
base and expanding its geographic footprint throughout the Middle
East and North Africa, where mobile device penetration and mobile
network usage is growing rapidly.
Cdialogues has been profitable and cash flow positive since
commercial operations began in early 2012.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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