Mobile Streams says that it expects to trade at, or near to, break even for each month for the rest of this year.
The mobile telecoms content services provider says that current trading patterns are likely to continue for the rest of 2008. Mobile Streams has traded at breakeven – based on EBITDA – for the first four months of the year and there has been a small monthly outflow on technology development. It has more than £2m in the bank so this suggests that it should have enough cash for its immediate needs.
There are two main businesses: managed services and consumer services. The managed services revenues come from large operators such as Hutchison, AT&T, Telefonica and Vodafone.
The company is launching the Ringtones.com brand into its main markets.
The company’s progress will depend on the speed of development of the mobile internet.
The shares rose 1p to 3.375p following the AGM statement. That values the company at £1.22m.
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