Online advertising services provider Burst Media Corp had a better second half in 2009.
Full year revenues will improve from $27.3m to $31.3m thanks to better revenues from the media business. Recent acquisition Giant Realm added the expected $1.4m to revenues in the three months the online ad network for the entertainment was part of the group and made a small loss.
Burst reported a decline in interim revenues from $13.4m to $12.1m.
Burst believes that there is an improved outlook for advertising. There are also further acquisition opportunities.
At 8.25p a share, up 0.5p on the day, Burst is valued at £5.83m. Net cash fell from $9.4m to $5.7m over the past six months.
The full year figures will be published on 7 April.
© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Advanced Power Components (APC) is buying out the minority shareholders in energy saving technologies supplier Minimise.
Warehouse data systems services provider Belgravium Technologies says that the current financial year has started slowly.
Online conveyancing services provider In-Deed Online says that trading remains challenging.
Hong Kong-based childrens’ educational services provider LZYE Group is raising up to £3m via a two-year convertible loan note issue.
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds