Monitise Year End Results Confirm Growth

Monitise posted audited results for the year ended June 2012 today. The results are very good and the guidance for the coming year is exceptional. The company now has over UKP40m in the bank and is restrained by scale rather than market forces. See Below:-

MONITISE plc

Preliminary Results for the year ended 30 June 2012


REVENUE GUIDANCE FOR 2012/2013 £70M ($110M) (1) MINIMUM

ORDER BOOK UNDERSCORES CONTINUED MOMENTUM IN GLOBAL BUSINESS

REGISTERED CUSTOMERS PASS 17M, COMPARED WITH 4.5M A YEAR AGO


· Full-year revenues more than doubled for the third year in succession, up to £36.1m from £15.3m, an increase of 136%.

· Gross margins increased to 66% from 62% in 2010/2011, with margin improvement in both development revenues and user generated revenues.

· Profitability in Live Operations (3) continues to build, with EBITDA of £10.6m, up from £3.9m in 2010/2011.

· Group EBITDA(4) loss of £10.4m for the year, an improvement of £1.5m on the previous year and in line with expectations.

· Group operating loss(5) of £13.7m (2010/2011: £12.8m), reflecting higher depreciation and amortisation resulting from peak investment made in scaling the capability of both the Monitise Enterprise Platform and in service delivery over the past two years.