Mobile Streams - Results at last!

Mobile Streams (AIM: MOS) - Audited Results Out!

After a considerable wait, the final results for Mobile Streams have been released. They were worth waiting for, as they show an impressive set of numbers!

The Key Points, for the 12 months ended 30 June 2012, are:

• Revenues of £22m (compared to £15.5m for the 18 months ended 30 June 2011). All revenues are from continuing operations and include no exceptional items.
• Mobile Internet revenues of £16.5m (compared to £7.5m for the 18 months ended 30 June 2011).
• Trading EBITDA* was £2m (18 month period ended June 2011: £0.5m).
• Profit before tax was £1.6m (18 month period ended June 2011 £0.1m).
• Cash of £1.8m, with no debt (compared to £0.7m as at 31 December 2011).

Now, compare these results with the Sharescope Key Metrics, at close of play on Friday 7th December, (below):

As you can see, the Turnover & Profit + the net cash position have exceeded expectations and for us DIY-Investors, perhaps the shareprice over the coming weeks will  reward our patience. What do you think?