Mirada has been restored to the Alternative Investment Market (AIM) after the interactive specialist belatedly published its preliminary results for the year ending March 31, 2010. The suspension had been in force since October 1.
Now in the public domain, the results were largely worth waiting for, revenues of £5.7 million (€6.73 million) falling from £8.5 million in 2009. However, improvements in administrative expenses reduced the impact on gross profits that fell from £4.8 million to £3.7 million.
Commenting on the results, José-Luis Vázquez, CEO, Mirada plc, said: “I would like to take this opportunity to thank the shareholders for their patience. The delay in the release of this results announcement has been down to a number of factors, including a delay in the audit process. However, these factors have now been dealt with and I am pleased to be able to provide you with this update. Vázquez said Mirada had begun to diversify its business and that a contract to provide Ericsson with a navigational interface for its IPTV platform would make a positive impact. “We believe that the Group is now financially stable and ready to grow and we are looking forward to updating the market on any future developments in due course.”
Agreements have also been signed with Sky Italia and Sogecable/Prisa TV in Spain.