14 June 2011 – final results

The mobile web payments and analytics company has announced results for the year ended 31 March 2011.  These were not particularly impressive.  Revenue was £19.3m (2010: £26.1m) and the loss after tax was £0.70m (2010: £0.01m profit).  The cash balance of £2.71m as at 31 March 2011 was broadly equal to the figure of £2.74m as at 31 March 2010.  We tipped the shares at 46.5p in August 2009 and remained big fans until seeing some warning signs late last year, advising readers to take profits at 169p in late October.  Those who remain invested should still SELL.