Business
Notice of half-year results
Notice of half-year results.
About this update from Audioboom Group Plc
[{"type":"text","content":"\n \nRNS Number : 5204U Audioboom Group PLC 13 July 2018 \n\n \n13 July 2018\nAudioboom Group plc\n(the \"Company\" or \"Audioboom\")\n \nNotice of half-year results\n \n \nAudioboom (AIM: BOOM), the leading spoken-word audio on-demand platform, announces that it will announce its half-year results for the six months ended 31 May 2018 on or around 20 July 2018. These half-year results will contain the Company's key performance indicators (\"KPIs\") for the period.\n \nThe Board of Audioboom (the \"Board\") also notes the share price decline that has occurred since the restoration of trading in the Company's ordinary shares on 14 June 2018 and can confirm that it knows of no reason for this fall.\n \nSince 27 April 2018, the Company has received over £5.5m from a placing and subscription with existing and new investors and the issue of convertible loan notes, which has strengthened the Company's balance sheet. The Board believes that this funding is sufficient to see the Company through to positive cash generation.\n \nOperationally, the US now accounts for 95% of the Company's total revenue. Between Q1 and Q2 of this financial year, US revenue per 1,000 downloads increased by 33% to $19.03. Audioboom Original productions continue to increase, with listens up 33% to 2.13 million from May 2018 to June 2018.\n \nRob Proctor, CEO of Audioboom, commented: \"Audioboom is in the strongest operational and financial position in recent history and I confirm that we believe that we are now funded through to positive cash generation. \n \n\"The US KPIs indicate that AudioBoom's products and platform are flourishing in the largest podcasting market, and I look forward to providing further commentary in the coming half-year results.\"\n \n \nEnquiries\n\n\n\n\nAudioboom Group plc\n\n\n \n\n\n\n\nRob Proctor, Chief Executive Officer\n\n\nTel: +44(0)20 7403 6688\n\n\n\n\n \n\n\n \n\n\n\n\nAllenby Capital Limited (Nominated adviser and Joint Broker)\n\n\nTel: +44(0)20 3328 5656\n\n\n\n\nDavid Hart /Alex Brearley/Asha Chotai\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nNovum Securities (Joint Broker)\n\n\nTel: +44(0)20 7399 9400\n\n\n\n\nColin Rowbury/Jon Belliss\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nWalbrook PR Limited (PR & IR Advisers)\n\...