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Mobile Streams

  • BY: Andrew Hore |
  • POSTED: 21/07/2011 |

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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