Marimedia Ltd (AIM: MARI) - the shares of this exciting business look decent value to us
The global provider of proprietary technology solutions that leverage big data to optimise online revenue for publishers and advertisers has issued a decent set of results for the year ending 31st December 2014 since coming to AIM in May 2014; this is a fascinating business, seemingly trading at a bargain price, what’s the catch?
The numbers make pleasant reading Revenues increased by 46% to US$63.1m, adjusted EBITD increased 18% to US$10.5m and there was a positive operating cash inflow of US$8.6m resulting in cash and cash equivalents as at 31 December 2014 of US$24.7m after paying US$10.4m in cash for the acquisition of Taptica and a dividend payment of US$3.1m. Marimedia’s device-agnostic solutions, marketed under the Taptica brand, utilise its technology for big data acquisition and analytics. Online media owners and advertisers are empowered to qualitatively monetise their offerings in display and mobile using multiple formats, including video, to connect consumers and brands with…