CDialogues PLC Trading Statement (9170F)
November 18 2015 - 3:16AM
UK Regulatory
TIDMCDOG
RNS Number : 9170F
CDialogues PLC
17 November 2015
CDialogues plc
("CDialogues", the "Company" or the "Group")
Trading Update
CDialogues plc (AIM: CDOG), the provider of mobile marketing
solutions to Mobile Network Operators (MNOs), provides a further
trading update for the year ending 31 December 2015.
Third quarter revenues were lower in comparison with the first
two quarters, despite expected seasonality, due to weaker
performance of certain projects in September. Moreover, monthly
revenues achieved in October and November (to date) have been
broadly unchanged relative to those experienced during September.
As such the current revenue levels are likely to continue until the
close of the year. This has had a consequential effect on
EBITDA.
Additionally, delays in the Company's new business pipeline have
led to certain project launches originally anticipated to take
place in the fourth quarter of 2015 now being predicted to take
place in 2016. Certain pipeline related expenses have already been
incurred, which will have a negative effect on fourth quarter
EBITDA.
As a consequence of the above, the Board now believes that
revenue for the year ending 31 December 2015 will be below current
market expectations, with EBITDA for 2015 being materially below
current market expectations.
As part of its normal budgeting process, the Board is reviewing
its internal forecasts for the year ending 31 December 2016. Whilst
this budgeting process has not yet been finalised, it is likely
that these forecasts will be lower than current market
expectations.
The Group maintains a strong balance sheet with net cash as of
31 October 2015 above EUR3.6 million (31.12.2014: EUR 2.42 million)
while it paid dividends of EUR 280k to its shareholders within the
current financial year. Over 90% of Group cash is maintained in
banks in the United Kingdom. The Group does not generate any
revenues in the Greek market.
Enquiries:
CDialogues Plc Tel: +30 2106 300 930
George Karakovounis
Pale Spanos
Allenby Capital Tel: 0203 328 5656
Limited
David Hart
Alex Brearley
Walbrook PR Ltd Tel: 020 7933 8780/ cdialogues@walbrookpr.com
Paul Cornelius Mob: 07866 384 707
Nick Rome Mob: 07748 325 236
About CDialogues
CDialogues provides mobile marketing solutions enabling MNOs to
retain and acquire market share, increase average revenue per user
(ARPU) and reducing subscriber churn.
The Company's products and services deliver fully managed
solutions, utilizing advanced Data analytics techniques combined
with Linguistic engineering marketing, to build awareness and
multiply sales and opt-ins of promotional offerings and other
mobile content being offered by the MNOs.
The solutions designed by the Company, are tailored and served
with the appropriate Linguistic format, to each individual mobile
network subscriber typology and geography it operates in, using its
proprietary software and scalable infrastructure.
The majority of CDialogues' revenues are derived from a
recurring subscription-based revenue model, which has been
pioneered by the Company. As a result, the Company benefits from
incremental cash flow growth from each new campaign customer and
mobile network subscriber.
The Company's near-term focus is on growing both its customer
base and expanding its geographic footprint in selected markets in
the Middle East, Africa and Southeast Asia, where mobile device
penetration and mobile network usage is growing rapidly.
CDialogues has been profitable and cash flow positive since
commercial operations began in early 2012.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 17, 2015 02:00 ET (07:00 GMT)
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