Cellcast plc - Interactive TV formats and services

A proven innovator in Interactive Media

August 19 2019

Cellcast plc is a leading provider of participatory television programming and interactive telephony technology for the fast growing cross-platform digital entertainment sector.

Our services enable broadcasters, content developers and mobile network operators to profit from the accelerating growth and economic necessity of interactive and transactional television programming.
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Cellcast News

Final Results

14 May 2019

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

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Key points

  • Group operating revenues of £11.3 million (2017: £12.0 million), comprising:
    • core interactive broadcast revenue of £10.9 million (2017: £11.3 million); and
    • technical services and consulting to overseas gaming and lottery operators of £395,000 (2017: £660,000)
  • Cost of sales were £11.0 million (2017: £11.2 million)
  • Gross profit of £0.3 million (2017: £0.8 million)
  • Loss for the year was £250,000 (2017: loss of £645,000 which included, inter alia, the Lexinta impairment)
  • Net cash balance at 31 December 2018 of £0.7 million (31 December 2017: £1.1 million)
  • Loss per share of 0.3p (2017: loss per share of 0.8p)
  • Board is undertaking a review as to the prospects for the group going forward

Mike Neville, Chairman of Cellcast, commented:

"We continued to see the gradual decline in the core interactive broadcast business that we have witnessed for the past few years.  This has continued in 2019 year to date. In addition, due to the adverse effect of a new taxation rate for the group's clients in Kenya, we also saw reduced fees for our technical and consultancy services to overseas gaming and lottery operators."

"There has therefore been increased focus by the Directors on the long-term viability of the economic model that the group utilises which has prompted the Directors to undertake a review as to the prospects for the group going forward. The Board is currently exploring all options available to the group.

 

For further information:

Cellcast plc 020 3376 9420
Craig Gardiner - Chief Executive Officer   
   
Allenby Capital Limited (Nominated Adviser and Broker) 0203 328 5656
Nick Naylor / James Reeve