12 December 2017
visit www.solutions.lexisnexis.com

Monitise losses widen as suitors circle

17 February 2015  |  5028 views  |  0 Fingers on smartphone with graph 1

UK mobile banking company Monitise says it has had positive discussions with potential suitors as it reports widening losses and an eight percent decline in revenues for the first half of the year.

Monitise, which put itself in the shop window last month, reported an Ebidta loss of £30.8 million for the six months to 31 December, from £10.2 million in the comparable period last year. Revenue also fell 8.8 percent to £42.4 million as the company adjusts to a new business model based on recurring revenues.

Monitise chairman Peter Ayliffe says: "The announcement of our strategic review has led to many constructive discussions with market-leading players interested in our business and the role we play in the industry. These positive discussions and the strong support from our existing strategic partners and clients underpin the board's confidence in the company's strategy, unique positioning, future prospects and value."

Despite similar assurances in the past. Ayliffe insists that the business remains on course to become Ebidta profitable in full-year 2016 as the transition to the new revenue model takes hold and the group moves its Mobile Money service to a new cloud-based platform in April.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Monitise puts itself up for sale;  warns on full year revenues

Monitise puts itself up for sale; warns on full year revenues

22 January 2015  |  11541 views  |  4 comments | 15 tweets | 12 linkedin
Monitise signs Virgin Money

Monitise signs Virgin Money

05 December 2014  |  7765 views  |  0 comments | 9 tweets | 6 linkedin
Monitise gets £49.2 million boost from Santander, Telefonica and IBM

Monitise gets £49.2 million boost from Santander, Telefonica and IBM

27 November 2014  |  18452 views  |  1 comments | 19 tweets | 19 linkedin
Monitise shares plunge as Visa ponders stake sell-off

Monitise shares plunge as Visa ponders stake sell-off

18 September 2014  |  7472 views  |  1 comments | 4 tweets | 5 linkedin
Monitise revenues rise but losses grow

Monitise revenues rise but losses grow

15 September 2014  |  4965 views  |  0 comments | 7 tweets | 3 linkedin
Monitise transfers hundreds of UK employees to IBM

Monitise transfers hundreds of UK employees to IBM

27 August 2014  |  9803 views  |  2 comments | 8 tweets | 4 linkedin
Monitise and IBM expand mobile commerce alliance

Monitise and IBM expand mobile commerce alliance

21 July 2014  |  10171 views  |  1 comments | 16 tweets | 11 linkedin
Monitise slashes revenue outlook

Monitise slashes revenue outlook

08 July 2014  |  5594 views  |  0 comments | 2 tweets | 3 linkedin
Monitise acquires loyalty discount business Markco Media

Monitise acquires loyalty discount business Markco Media

26 June 2014  |  6202 views  |  0 comments | 6 tweets | 6 linkedin
Monitise names Visa veteran Elizabeth Buse co-CEO

Monitise names Visa veteran Elizabeth Buse co-CEO

04 June 2014  |  7648 views  |  1 comments | 5 tweets | 6 linkedin
MasterCard joins £109m Monitise share-placing

MasterCard joins £109m Monitise share-placing

25 March 2014  |  7917 views  |  0 comments | 5 tweets | 10 linkedin
Monitise buys Turkish mobile money firm Pozitron Yazilim

Monitise buys Turkish mobile money firm Pozitron Yazilim

03 February 2014  |  6600 views  |  0 comments | 5 tweets | 4 linkedin
Finland's OP-Pohjola signs three-year mPOS deal with Monitise

Finland's OP-Pohjola signs three-year mPOS deal with Monitise

22 January 2014  |  4734 views  |  0 comments | 1 tweets
Monitise buys out Asia Pacific JV partner

Monitise buys out Asia Pacific JV partner

17 October 2013  |  4632 views  |  0 comments
Monitise revenues soar but losses widen

Monitise revenues soar but losses widen

05 September 2013  |  7423 views  |  0 comments | 1 tweets

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.solutions.lexisnexis.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11771 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8609 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7055 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6778 views comments | 20 tweets | 11 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
6614 views comments | 17 tweets | 35 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job