Phorm Corporation Limited: Interim Results for the Six Months Ended 30 June 2015
(firmenpresse) - SINGAPORE -- (Marketwired) -- 09/30/15 -- Phorm (AIM: PHRM), an advertising-technology company, announces its unaudited interim results for the six months ended 30 June 2015.
:
Gross revenue $0.9m (2014: $0.5m)
Operating loss $16.3m (2014: $22.8m)
Loss after taxation $16.3m (2014: $23.0m)
Loss per share was $0.02 (2014: $0.04)
During the first 6 months of the year, average monthly cash burn (excluding financing activity) was $2.5m (2014: $3.6m)
Actively pursuing the implementation of further cost saving initiatives throughout the remainder of 2015 that are currently intended to reduce the monthly recurring cash burn rate to a level of approximately $1.3m by the end of 2015
Exploring funding options, with the Board confident of securing additional working capital in the short term, with current cash reserves expected to last until the end of October 2015.
:
Timothy Smith
(Chief Executive Officer)
Jason Woollard
Peter Krens
James Harris
Matthew Chandler
James Dance
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Datum: 30.09.2015 - 09:24 Uhr
Sprache: Deutsch
News-ID 1389065
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