News blog
Adwalker
- BY: Andrew Hore |
- POSTED: 30/09/2008 |
- COMMENTS: Add yours
Adwalker says that September revenues were disappointing.
This means that the wearable screenmedia company is in a tough financial position. It needs to generate more revenues in order to stem its cash outflow.
Adwalker shares slumped 0.2p to 0.25p each, valuing the company at £660,000.
Business levels are reliant on advertising budgets. It is difficult to forecast what will happen with these budgets and therefore Adwalker’s own prospects.
Management needs to find extra cash or at least cover itself if it does require more money. There are talks with the company’s bank and other potential providers of finance.
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