Mobile Streams (MOS ) the mobile content and data intelligence company, announced a doubling of total revenue for the year ended 30 June 2022 (FY22).
The Positive Trend of Accelerating Demand
MOS reported revenue of £1.1m in FY22, an increase of 180% from £395K for FY21 with a strongly weighted 2H22 delivering revenue of £810K, a 270% increase YoY from £219K in 2H21.
June 2022 alone returned revenue of £181K, representing a sequential monthly increase of 62% since Mobile Streams' last performance update on 1 March 2022.
Gross profit is expected to be £498K with EBITDA loss narrowing to -£490K from -£1m in FY21. Mobile Streams said it expects the strong trend of revenue growth to continue throughout 2022 and 2023.
Mark Epstein, CEO, commented: "We are delighted with our strong growth over the past year and especially in the last 6 months. The entire MOS team deserves credit for the effort they have put in. Our turnaround of the Company is now gathering real pace and we expect this to increase rapidly with the launch of further NFT partnerships later this year."
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Much of Mobile Streams' recent success can be attributed to its growing NFT business. Mobile Streams' internal forecasts point to its NFT division potentially exceeding all other revenue streams by the end of FY23.
On 4 July 2022, Mobile Streams signed a major contract to become the exclusive provider of all NFTs for the Mexican football club Pumas. This deal alone has a 5-year revenue target of US$14.5m for Mobile Streams' share of the contract.
Then, on 11 July the company announced two new major NFT license deals with PAS Kisisel Asistanlik Hizmetleri and Andrea Olmedo Lopez. There are 30 additional NFT deals being negotiated currently.
Today's news is not surprising given Mobile Streams' growing NFT license pipeline which is complemented by the company's LiveScores and mobilegaming.com content platforms are also growing.
With strong momentum on its side into FY23, MOS is definitely one to .