Launch of Streams China and Trading Update

RNS Number : 7752Q

Mobile Streams plc

02 March 2021

 



2 March 2021

Mobile Streams plc

("MOS" or "the Company")

Launch of Streams China and Trading Update

Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is pleased to announce the launch of its first international language version of Streams, the Company's bespoke  data insight, intelligence and visualisation service .

Streams China launch

We are pleased to announce that the Chinese language version of Streams will launch on 14 March. Streams China is aimed specifically at the Chinese market for companies that want to sell their products and services to a western audience.  This will mark the first time we have launched an additional language version of the platform, and as indicated on 22 January we anticipate launching the Streams Data service in other key global markets during the year.

Trading update

We are delighted to announce that revenues and customer growth continue to remain ahead of our internal forecast, and monthly Streams Data revenue has now exceeded the net revenue brought in via the legacy business.  The Streams Data business, comprising the bespoke data insight, intelligence and visualisation service which achieved first revenues in June 2020, and the Streams SaaS ("Software as a Service") platform which generated initial customer revenues in October, are now generating monthly revenue of £12,000, a 33.3% increase since December 2020 alone.

Whilst still at a modest level, with our pipeline of product development and marketing, we expect to see significant growth in 2021, with additional higher price points to come.

Mobile business

The legacy business continues to perform in line with internal expectations.

Nigel Burton, Non-Executive Director, said:

"Whilst modest in real terms we are delighted with the performance of the business to date. We are seeing good revenue and customer growth for the Streams data business, and our launch into the Chinese market is the first step in making Streams a truly global platform."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information, please contact:

Mobile Streams plc

Nigel Burton, Non-Executive Director

[phone]

www.mobilestreams.com

Beaumont Cornish (Nominated Adviser)

James Biddle and Roland Cornish

[phone]

Peterhouse Capital Limited (Broker)

Lucy Williams, Duncan Vasey and Eran Zucker

+ 44 (0) 20 7469 0930

 

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