7th Apr 2016 08:08
LONDON (Alliance News) - Digital television technology company Mirada PLC on Thursday said revenue for the year to the end of March will significantly miss market expectations as it announced the soft launch of its Iris Multiscreen platform in Mexico.
Mirada said despite the commercial launch of the platform started on schedule, certain revenue which had been due to be recognised in the year to the end of March has been deferred into the current financial year, meaning revenue will miss the company's expectations.
Mirada said the Iris Multiscreen platform has been rolled out to a limited number of commercial users under its deal with an unnamed Mexico-based operator. The soft roll-out has been launched ahead of a full implementation in order to confirm the smooth functioning of the system.
Mirada shares were down 19% to 3.75 pence Thursday morning, one of the worst performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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