News blog
i-design
- BY: Andrew Hore |
- POSTED: 27/11/2008 |
i-design doubled its revenues in the year to September 2008.
The cash machine advertising technology developer reported revenues of £2.07m and a loss of £536,000. Recurring revenues were £150,000 and they will rise this year.
The company can offer third party advertising on 4,500 cash machines. It has added Nestle, The Sun and Next.
House broker Arbuthnot had been forecasting that i-design would break even on revenues of £4m in the year to September 2009. It is maintaining the revenue forecast but the sales mix will be different so a loss of £300,000 is expected instead of break even.
The shares fell 2p to 19.5p each, which values I-design at £2.75m.
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