Mobile payments and analytics firm Bango has warned of slower than expected revenue growth.
The company said end user spend - and hence revenue - was slower than predicated and as a result it was unlikely to meet market expectations for the full year.
In a late trading update ahead of its interim results, the firm said growth in revenues from RIM (Blackberry) related App stores, especially from newer carriers, had been slower than expected.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Merchant Securities said at £20m for the year optimistically, the lower revenues would leave profit expectations just above break-even.
However, Bango did indicate that the outlook for next year should be brighter as the group has started work on billing integration for a further 43 carriers, in addition to the existing base of 17, Merchant said.
-
8 of the best houses for sale with annexesThe best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
-
Zelenskyy moves to appease Donald Trump – what happens now?Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
