12th May 2021 12:08
Mirriad Advertising PLC - London-based company providing in-video advertising technology - Revenue rises 91% to GBP2.2 million in 2020 from GBP1.1 million in previous year. Pretax loss narrows to GBP9.1 million from GBP12.2 million.
Increase in sales attributed to contract with Tencent Holdings Ltd, which was signed in June 2019 and expired in March 2021. Some of the revenue from the contract was deferred from 2020 to 2021. Mirriad says it is well-placed for advertising market recovery expected in second half of this year, that it will invest in automation and look to drive sales in the US.
Current stock price: 49.75 pence, down 13% on Wednesday
Year-to-date change: up 12%
By Ivan Edwards; [email protected]
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