22nd Apr 2013 07:00
Snoozebox PLC
("Snoozebox" or " the Company")
Update and change of results date
The Directors of Snoozebox announce that revenue in respect of the year ended 31 December 2012 will be not less than £3.78 million, a material shortfall against the trading update of 30 January 2013. EBITDA will reflect the shortfall.
The shortfall is related to the requirements for recognition of income under IFRS. Some or all of the shortfall may reverse and therefore be recognised in the current year.
The Company has a strong pipeline of event related and other deployments for the current year as a result of which the Directors remain confident of the Company's prospects.
Snoozebox is working with its auditors to finalise the 2012 accounts and the Directors expect to announce its results for that year together with a review of current trading not later than 26 April 2013.
22 April 2013
Enquiries:
Panmure Gordon 020 7886 2500
Corporate Finance:
Fred Walsh
Corporate Broking:
Adam Pollock
Charles Leigh-Pemberton
College Hill 020 7457 2020
Matthew Smallwood
Justine Warren
Website: www.snoozebox.com
Related Shares:
Snoozebox Holdings