Mirriad Advertising (GB:MIRI) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Mirriad Advertising faces challenges with its US market strategy, experiencing slower-than-expected progress in scatter markets and contract cancellations amid election uncertainties. The company is actively pursuing partnerships with global agencies and targeting a Q4 launch for its programmatic solution, though significant revenue this year remains uncertain. Cost-saving measures have reduced the annual cost base to approximately £8 million, with current cash reserves at £6 million.
For further insights into GB:MIRI stock, check out TipRanks’ Stock Analysis page.
