News blog
Burst Media
- BY: Andrew Hore |
- POSTED: 29/01/2010 |
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.
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