Audioboom Group plc Announces Audited Consolidated Earnings Results for the Year Ended November 30, 2017
June 08, 2018 at 09:45 am EDT
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Audioboom Group plc announced audited consolidated earnings results for the year ended November 30, 2017. For the year, the company reported revenue was £4,728,000 against £1,312,000 a year ago. Operating loss was £5,003,000 against £4,874,000 a year ago. Loss before tax was £5,002,000 against £4,869,000 a year ago. Loss for the financial period attributable to equity holders was £4,794,000 against £4,772,000 a year ago. Basic and diluted per share of 0.57 pence against basic and diluted per share of 0.88 pence a year ago. Net cash used in operating activities was £4,819,000 against £4,600,000 a year ago. Purchase of property, plant and equipment was £96,000 against £27,000 a year ago. Purchase of intangible assets was £426,000. Adjusted EBITDA loss was £4.4 million against £4.6 million a year ago.
Audioboom Group plc is a Jersey-based podcast publisher. The Companyâs advertising and monetization platform underpins a scalable content business that provides commercial services for a network of 250 top tier podcasts, with key partners, including Casefile True Crime (US), True Crime Obsessed (US), The Tim Dillon Show (US), No Such Thing As A Fish (UK) and The Cycling Podcast (UK). Audioboom Studios is home to a slate of content developed and produced by the Company, including Dark Air with Terry Carnation, F1: Beyond The Grid, RELAX!, Covert, Itâs Happening with Snooki & Joey, Mafia, Huddled Masses and What Makes A Killer. The Company operates internationally, with global partnerships across North America, Europe, Asia and Australia. The platform allows content to be distributed via Apple Podcasts, Spotify, Pandora, Amazon Music, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, and Facebook, as well as a partnerâs own websites and mobile apps.