30th Dec 2015 07:56
LONDON (Alliance News) - Media technology company Mirada PLC on Wednesday said its pretax loss narrowed slightly as its revenue edged higher in the financial half year to the end of September.
The group said it made a pretax loss of GBP812,000 in the half, compared to a GBP887,000 loss a year earlier, as revenue rose to GBP2.3 million from GBP2.2 million, boosted by the roll-out of its Iris Inspire product over the Televisa cable network in Mexico.
Mirada said the roll-out of the Televisa project was ahead of schedule, with two further networks in Mexico also due to roll-out its products by the end of the current financial year to the end of March.
Mirada said its results for the half were ahead year-on-year and leave it on track to meet market expectations for the full year.
"The commercial roll out of our new inspire product in Mexico marked a milestone for the company and demonstrated our ability to manage large projects on behalf of Tier 1 customers. After several months of usage by a large number of subscribers, we are happy to report that the superior quality and performance of our products has been proven," said Chief Executive José Luis Vázquez.
By Sam Unsted; [email protected]; @SamUAtAlliance
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