News Column

IMImobile Preliminary Results for the year ended 31 March 2014

September 2, 2014


("IMImobile" or "the Company")

Unaudited preliminary results for the

period ended 31 March 2014

Group key financial highlights

o Revenue up 13% to 43.4m (2013: 38.5m)

o Gross profit up 18% to 27.9m (2013: 23.5m)

o Adjusted EBITDA up 19% to 7.2m (2013: 6.1m)

o Adjusted profit after tax up 45% to 3.8m (2013: 2.6m)

o Profit after tax up 86% to 3.9m (2013: 2.1m)

o Results in line with market expectations

o Outstanding contribution from Middle East and Africa with Gross Profit up 149% to 10.7m

o Net cash generated from operating activities of 8.7m, representing operating cash conversion of 121% (2013: 108%)

o Cash and cash equivalents at 31 March 2014 of 9.3m (2013: 4.6m)

Operational highlights

o New major operator wins in Middle East and Africa open up new geographies

o First major government contract win in India

o Launch of social networking products - DaVinci Social and TweetServe

o Opened sales office in Atlanta, Georgia and signed first major US customer contract

o Listed on the Alternative Investment Market of the London Stock Exchange in June 2014 raising net proceeds of approximately 8m (after considering fees and the acquisition of the Group) to support significant growth opportunities


The 2015 financial year has started well with trading in line with expectation and renewals of several major customer contracts across the Group. IMImobile remains well placed to take advantage of the trends driven from the proliferation of mobile data networks and smart devices.

Jay Patel, Chief Executive Officer of IMImobile PLC, commented:

"The year to 31 March 2014 was another year of progress for IMImobile with key contract wins across the globe demonstrating the attractiveness of our product offering to enterprises and network operators alike.

Our current financial year has started well with trading in line with our expectations and the Group, following the successful IPO, is well positioned for further growth. Underpinned by strong repeat and recurring revenue streams, we will continue to build on the organic growth achieved to date, whilst seeking additional growth opportunities in new regions such as the US and also complementary acquisitions.

As we invest and grow our business, taking advantage of positive global trends in the mobile market, we look forward to the future with confidence."

For further information please contact:

IMImobile PLC

Jay Patel, Chief Executive Officer

Mike Jefferies, Group Finance Director

c/o Buchanan

Tel: +44 (0)20 7466 5000+44 (0)20 7466 5000

Buchanan - Financial PR adviser

Mark Edwards / Sophie McNulty / Gabriella Clinkard

Tel: +44 (0)20 7466 5000+44 (0)20 7466 5000

SPARK Advisory Partners - Nominated adviser

Matt Davis / Sean Wyndham-Quin Tel: +44 (0)203 368 3550+44 (0)203 368 3550

Whitman Howard - Joint Broker

Ranald McGregor-Smith

Tel: +44 (0)207 087 4556+44 (0)207 087 4556

WH Ireland - Joint Broker

Adrian Hadden

Tel: +44 (0)207 220 1666+44 (0)207 220 1666

About IMImobile PLC

IMImobile is a leading provider of software and services which help businesses capitalise on the growth in mobile communication. Its services, delivered in over 60 countries in Europe, the Americas, MEA and India, help its clients to engage and transact with their customers more efficiently through smarter mobile engagement. The Company's solutions allow customers to use mobile as a channel to create new revenue streams, as a CRM and customer engagement channel, and as a channel to improve business operations.

IMImobile's DaVinci suite of products is modular, scalable and delivered through cloud infrastructure which is integrated into mobile operator networks, internet services and social media platforms. The products and solutions have helped IMImobile establish a blue-chip client base of leading mobile operators and global enterprises. Key customers include Vodafone, O2, Telefonica, Aircel, Airtel, BSNL, AT&T, MTN, France Telecom, Centrica, Coca-Cola, Universal Music, Tata, the AA, the BBC and major financial institutions.

The Company is headquartered in London with offices in Hyderabad, Atlanta and Dubai and has 650 employees worldwide. IMImobile is quoted on the London Stock Exchange's AIM market with the TIDM code IMO.CallSend SMSAdd to SkypeYou'll need Skype CreditFree via Skype


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Source: M2 PressWIRE

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