News blog


  • BY: Andrew Hore |
  • POSTED: 05/09/2007 |

Mobile email services supplier AxisMobile has enough new business to keep it busy for the rest of the year but second half revenues will be lower than expected.

AxisMobile has won additional work in Russia and the Ukraine but this has yet to show through in the figures. Revenues increased from $321,000 to $433,000 in the six months to June 2007. Thanks to lower overheads the operating loss fell from $5.76m to $4.58m.

Although AxisMobile plans to complete work for new customers in the fourth quarter the revenue is not recognised until the customer finally accepts the system. This means that most of the revenues won’t show through until the first half of 2008.

AxisMobile has cash of $2.42m but it also has borrowings of $1.87m. The company raised cash earlier this year but it will have to be careful with its cash resources.

© 2017 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 11 December 2017

Continue reading... | 13/12/2017

Quoted Micro 4 December 2017

Continue reading... | 13/12/2017

Quoted Micro 27 November 2017

Continue reading... | 04/12/2017

Westmount Energy Ltd

Westmount raised just over £910,000 from subscriptions and an oversubscribed open offer at 5p a share. 

Continue reading... | 26/11/2017

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds