AudioBoom (AIM: BOOM) – latest quarterly update shows continued progression
Audioboom is a free platform that enables the creation, broadcast and syndication of audio content in news, current affairs, business, entertainment and sports. It operates a digital, on-demand, streaming audio platform enabling the creation, broadcast and consumption of audio.
AudioBoom listed on AIM in May 2014. Cash balance at the year ended 30th November 2014 was £8.9m, following an oversubscribed placing in October 2014, leaving the Group well placed for expansion. In these early stages the main aim for the Group is to build a solid global userbase of listeners. They have begun to execute their strategy for long term revenue growth through the creation of the world’s first aggregated audio content syndication and advertising network. In February AudioBoom announced its first quarterly update for December – February, using key performance indicators (KPI) to allow for easy comparison between…