Mirada PLC Trading Statement (2658M)
12 Outubro 2016 - 3:00AM
UK Regulatory
TIDMMIRA
RNS Number : 2658M
Mirada PLC
12 October 2016
12 October 2016
Mirada plc
("Mirada" or the "Company")
Trading Update
Mirada plc (AIM: MIRA), a leading audio-visual content
interaction specialist, is pleased to announce a trading update for
the period ended 30 September 2016.
The rollout of the Iris product across the Televisa network is
progressing well, with the commercial delivery in line with
Mirada's expectations. As such, trading in the first six months of
the current financial year, to 30 September 2016, has been strong
and the directors of the Company are confident in meeting market
expectations for the full year to 31 March 2017.
In addition, the Company has improved cash collection during
recent months such that receivables stood at GBP0.6m at 30
September 2016. This has also resulted in an improvement to
Mirada's cash position to GBP1.1m at 30 September 2016 (GBP0.7m as
at 31 March 2016), with additional available short-term facilities
at GBP1.3m at 30 September 2016.
Mirada expects to announce its half year results in the third
week of November 2016.
Jose Luis Vazquez, Chief Executive Officer, commented: "We are
delighted to report that, despite the extensive scope of the
project, the Televisa roll-out of our Iris product across Mexico
progresses to plan. Trading for the first six months of the year
has been healthy and we have strengthened our balance sheet during
this time. We therefore look forward to the remainder of the year
with confidence and to providing further updates in due
course."
Enquiries:
Mirada plc +44 (0) 207 868 2104
José Luis Vázquez, investors@mirada.tv
Chief Executive Officer
Newgate Communications +44 (0) 207 653 9850
Bob Huxford mirada@newgatecomms.com
Helena Bogle
Ed Treadwell
Allenby Capital Limited
(Nominated Adviser and
Broker)
Jeremy Porter / Alex Brearley
/ Liz Kirchner (Corporate
Finance)
Graham Bell (Equity Sales) +44 (0) 203 328 5656
About Mirada
Mirada is a leading provider of products and services for
Digital TV Operators and Broadcasters. Founded in 2000 and led by
Executive Chairman Javier Casanueva and Group CEO José Luis
Vázquez, the Company prides itself on having spent over 15 years as
a pioneer in the Digital TV market. Mirada's core focus is on the
ever-growing demand for 'TV Everywhere', for which it offers a
complete suite of end-to-end modular products across multiple
devices (STBs, PCs, smartphones and tablets), all with innovative
state-of-the-art UI designs.
Mirada's products and solutions, acclaimed for unparalleled
flexibility and optimal time to market, have been deployed by some
of the biggest names in broadcasting including Telefonica, Sky,
Virgin Media, BBC, ITV and most recently Televisa Group, the
largest media company in the Spanish-speaking world. Headquartered
in London, Mirada has commercial offices located across Europe,
Latin America and Asia. For more information, visit
www.mirada.tv.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
October 12, 2016 02:00 ET (06:00 GMT)
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