Monitise (LSE: MONI) – spoils the AIM results party with horrible numbers, buying opportunity?
The headline numbers tell a tale with revenue for the 12 months down 6% to £89.7m (not what one expects from a so-called high growth business, although there was a change of revenue model), the Group EBITDA loss £41.8m, although that was claimed to be at the lower end of the Company’s guidance range, and the reported loss a whopping £223m after loads of impairments and exceptional items.
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