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Mobile Streams ( (GB:MOS) ) just unveiled an announcement.
Mobile Streams plc announced its audited results for the financial year ending 30 June 2024, showing a strategic shift towards the Mexican sports betting and media markets. Despite a decrease in overall revenue due to ceasing legacy Streams Data revenue, the company reported substantial improvements in operating expenses and profitability, aiming for operational profitability by the end of 2024. The company raised significant funds to support its transition and investment in new business opportunities, highlighting a renewed focus on the BET business segment, which is expected to significantly grow. The Group’s financial health improved with a notable reduction in losses and increased liquidity, setting a promising outlook for 2025.
More about Mobile Streams
Mobile Streams plc is a company involved in the transition from selling legacy products to offering new product solutions, with a significant focus on entering the Mexican sports betting and media markets.
YTD Price Performance: 541.67%
Average Trading Volume: 57,725,496
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £33.18M
For detailed information about MOS stock, go to TipRanks’ Stock Analysis page.
