14th Jun 2022 13:28
Aferian PLC - Leeds, England-based video streaming company - Expects to report an exit run rate annual recurring revenue of USD15.8 million in the six months ended May 31. This would represent 16% growth against the USD13.8 million reported the previous year, or 26% growth on a constant currency basis. Software and services revenue is anticipated at USD12 million, an increase of 21% against the previous year's USD9.9 million. Device revenue is expected at USD33 million, down 8% year-on-year. This is a result of shipping and production delays related to Covid-19 lockdown in China. Total interim revenue expected at USD45 million, flat with the USD45.3 million achieved the previous year. Read More
