CDialogues PLC Pre-Close Trading Update and Notice of Results (5722C)
20 January 2015 - 6:00PM
UK Regulatory
TIDMCDOG
RNS Number : 5722C
CDialogues PLC
20 January 2015
20 January 2015
CDialogues plc
("CDialogues" or the "Company")
Pre-Close Trading Update and Notice of Results
CDialogues plc (AIM: CDOG), the provider of mobile marketing
solutions to Mobile Network Operators (MNOs), provides a trading
update for the 12 months ended 31 December 2014 which is in line
with market expectations.
The Company maintained the growth momentum achieved during the
first half of the year and expects to show revenue for the full
year of more than EUR9.5 million, representing an increase of more
than 100 per cent compared with the previous year. This result,
which is ahead of budget, was achieved despite the reduced revenues
from Iraq in Q4 (whose operations ceased in early December 2014),
and demonstrates the successful outcome of the Company's drive to
grow and diversify revenues. The cessation of operations in Iraq
(which accounted for approximately 15 per cent of November's
revenues) is being more than compensated by growth in other
countries with projects which continue in to 2015.
EBITDA for the period is also expected to show strong growth to
approximately EUR2.7 million representing year on year growth of
more than 70 per cent. Free cash flow for the year, after
development costs and capital expenditure and excluding one-off
items relating to the AIM listing, reached approximately EUR1.1
million further enhancing the Company's cash position to EUR2.4
million as of 31 December 2014.
In addition to the strong financial performance during the 12
months to 31 December 2014, the Company also successfully completed
a number of strategic milestones. In particular, the Company
managed to significantly diversify its revenue base both by number
of clients and geographical sources of revenue. Moreover,
CDialogues completed its AIM listing in June 2014 raising GBP1.25
million and further strengthening its balance sheet.
During 2014, CDialogues delivered mobile marketing campaigns to
a total subscriber base of 35 million customers (2013: 15 million),
in five countries across the Middle East. These campaigns attracted
more than 5.5 million unique subscribers and generated total gross
billings in excess of $50 million.
Outlook
Subscription-based recurring revenues, which provide greater
scalability and visibility for the business, accounted for more
than 75 per cent of the total revenues during 2014 as a whole and
therefore provide the Company with a strong basis for the current
year.
The Company has identified a pipeline of potential new
contracts, a number of which are currently undergoing preparations
for launch in the coming months, including one signed in December
2014, and the Board remains confident that these will result in
further growth opportunities for 2015.
CDialogues will announce its full year results for the 12 months
ended 31 December 2014 on Tuesday 21 April 2015.
Pale Spanos, Chief Executive Officer, commented:"This was an
extremely important year for the Company. We joined AIM in June
2014 with a proven model already in place and have since seen the
value of our Company appreciate in absolute terms and relative to
the other Technology IPO's during 2014 as we have continued to meet
market expectations.
"Our business model is scalable with an operational
infrastructure designed to expand and facilitate new contracts as
they come on stream. Our cash conversion remains high compared with
many companies in the industry allowing for continuous reinvestment
in our software systems and strengthening of our balance sheet.
"We remain committed to continuing the success seen during 2014
by further expanding our geographical footprint, investing in our
core technology and growing our customer partnerships to provide
further shareholder value during the current year."
Enquiries:
CDialogues Plc
---------------------- ---------------------------------------------
George Karakovounis Tel: +30 (210) 630 0930
---------------------- ---------------------------------------------
Pale Spanos Tel: +30 (210) 630 0930
---------------------- ---------------------------------------------
Strand Hanson Limited
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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
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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 solutions 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 in selected markets in
the Middle East, Africa and Southeast Asia, 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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