F.Y.I.

Mobile Embrace delivers 165% increase in profit

June 26, 2013 11:33

Mobile marketing and mobile payments company Mobile Embrace has reported a 165% increase in profit over the last financial year according to unaudited financial results.

The announcement:

• Mobile Embrace releases unaudited FY13 financial results
• Revenue of $12 million up from $11.37 million FY12
• EBITDA increasing by 165% to $0.85 million FY13 up from $0.32million FY12
• Strong Q4 cash flow positive trading performance with revenue of $3.95million
• Mobile Embrace’s mobile commerce (m-payments) business has delivered strong Q3, Q4 revenue growth, from Q3 revenue of $1.9million, up 53% to Q4 revenue of $2.9 million
• Mobile Embrace’s mobile advertising business, notwithstanding a soft Q3, delivered FY13 revenue of $3 million up from $1.6 million. A growth of 88% year-on-year outpacing 2012 analyst predictions of 46% year on year growth over the next 5 years (PriceWaterhouseCoopers)

Mobile Embrace Limited (ASX: MBE) is pleased to announce a significant and sustainable increase in profit for the financial year 2013.

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