News blog


  • BY: Andrew Hore |
  • POSTED: 07/10/2019 |

Podcast company Audioboom has reassured investors that third quarter trading is in line with expectations following the departure of its chief executive last week. 

Rob Proctor stepped down at the end of September and chief operating officer Stuart Last has become interim chief executive.

Third quarter revenues were 86% ahead at $5.7m and there was $2.5m of cash left in the bank. Audioboom is adding to its market share and continues to add podcasts to its service. Advertiser count and premium impressions continue to grow rapidly.

The full year revenues are expected to be $21.5m. That could equate to a cash outflow from operating activities of nearly $5m, which would use up most of the cash raised this year but still mean that net cash would be around £2m at the end of 2019. A further, more limited, cash outflow is expected next year.

The share price continued to fall after the figures and is 170p. 

© 2019 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 9 December 2019

Continue reading... | 10/12/2019

Omega Diagnostics

Omega Diagnostics will lose money this year, but it is on course to become profitable in 2020-21 as sales of the VISITECT CD4 test. 

Continue reading... | 10/12/2019


House broker Shore Capital has slashed its pre-tax profit forecast for engineer Tricorn Group by two-thirds to £420,000. 

Continue reading... | 10/12/2019

Evgen Pharma

Evgen Pharma has entered into an agreement with The University of Dundee for the use of SFX-01 in a clinical trial in non-alcoholic steatohepatitis and liver fibrosis, where there is no existing treatment. 

Continue reading... | 10/12/2019

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