Mobile content supplier Mobile Streamsis already reaping the benefits of its Appitalism.com app store launched last September.
Revenues were £15.5m in the 18 months to June 2011. That includes £5.9m generated in the most recent six month period, which compares to £7.1m in 2009. Mobile Streams generated £7.5m from mobile internet in the 18 month period. There are more than 750,000 active subscribers.
The growth in smartphones is fuelling the continued growth of the company.
At 23p a share, Mobile Streams is valued at £8.39m. There was £1.1m of cash in the bank at the end of June 2011.
Download the June 2011 edition of AIM Journal at http://www.hubinvest.com/AIMPDFJuly2011_22.pdf
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