Mobile Streams plc Launch of Streams China and Trading Update (7752Q)
March 02 2021 - 1:00AM
UK Regulatory
TIDMMOS
RNS Number : 7752Q
Mobile Streams plc
02 March 2021
2 March 2021
Mobile Streams plc
("MOS" or "the Company")
Launch of Streams China and Trading Update
Mobile Streams plc, the AIM quoted mobile content and data
intelligence company, is pleased to announce the launch of its
first international language version of Streams, the Company's
bespoke data insight, intelligence and visualisation service .
Streams China launch
We are pleased to announce that the Chinese language version of
Streams will launch on 14 March. Streams China is aimed
specifically at the Chinese market for companies that want to sell
their products and services to a western audience. This will mark
the first time we have launched an additional language version of
the platform, and as indicated on 22 January we anticipate
launching the Streams Data service in other key global markets
during the year.
Trading update
We are delighted to announce that revenues and customer growth
continue to remain ahead of our internal forecast, and monthly
Streams Data revenue has now exceeded the net revenue brought in
via the legacy business. The Streams Data business, comprising the
bespoke data insight, intelligence and visualisation service which
achieved first revenues in June 2020, and the Streams SaaS
("Software as a Service") platform which generated initial customer
revenues in October, are now generating monthly revenue of
GBP12,000, a 33.3% increase since December 2020 alone.
Whilst still at a modest level, with our pipeline of product
development and marketing, we expect to see significant growth in
2021, with additional higher price points to come.
Mobile business
The legacy business continues to perform in line with internal
expectations.
Nigel Burton, Non-Executive Director, said:
"Whilst modest in real terms we are delighted with the
performance of the business to date. We are seeing good revenue and
customer growth for the Streams data business, and our launch into
the Chinese market is the first step in making Streams a truly
global platform."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information, please contact:
Mobile Streams plc
Nigel Burton, Non-Executive Director
+44 77 8523 4447
www.mobilestreams.com
Beaumont Cornish (Nominated Adviser)
James Biddle and Roland Cornish
+44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Lucy Williams, Duncan Vasey and Eran Zucker
+ 44 (0) 20 7469 0930
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