Monitise Advises of Strong Performance for Full Year

Revenues more than double for third successive year

Acquisition of Clairmail creates global powerhouse in Mobile Money

2012/13 revenues expected to be in the region of $110m 

Monitise plc (LSE: MONI.L), the technology and services company delivering mobile banking, payments and commerce networks worldwide, announces an unaudited trading update following its 30 June 2012 financial year-end. Monitise's 2012 full-year results are scheduled to be published on 4 September 2012.

Highlights

·   Full-year 2012 revenues are expected to be approximately $53m (£34m) ⁽¹⁾, nearly two and a half times the $22m (£14m) reported last year, making it the third successive year that revenue has more than doubled compared to the previous year.

·   Profitability in live operations continues to show very strong year-on-year growth.

·   Gross margins for the year are expected to be in the region of 66%, compared with 62% last year, and on track to hit more than 70% by the second half of 2012/13.

·   Demand for the Monitise Enterprise Platform is at an all-time high and investment in the platform and its global reach continues in line with market demand.

·   Total Monitise registered customers are approaching 16m, three and a half times the level seen at the time of Monitise's full-year results in September 2011. The group is attracting well over half a million new registered customers per month.

·   The acquisition of Clairmail at the end of June further enhances Monitise's position as the global leader in the fast expanding Mobile Money market.

-      The order book of the combined Group at the end of June 2012, comprised of more than $170m committed minimum orders, plus a further $250m of additional revenues expected from existing contractual arrangements, making more than $420m (£270m) in total.

-      Around $75m (£48m) of this order cover is expected to flow through to revenues in 2012/13.

-      Total Group revenues in 2012/13 are expected to be in the region of $110m (£70m).