CDOG Cdialogues

TIDMCDOG

RNS Number : 3259T

CDialogues PLC

29 March 2016

CDialogues plc

("CDialogues", the "Company" or the "Group")

Trading Update

CDialogues plc (AIM: CDOG), the provider of mobile marketing solutions to Mobile Network Operators (MNOs), provides a trading update.

Following the announcement made by the Company on the 25th January 2016, the Company now expects that EBITDA for the year ended 31 December 2015 will be less than EUR1.6 million mainly due to reduced revenues and project margins, as well as investment in new projects during the second half of the year. In addition, the Company's existing contracts have generated revenues in the first quarter of 2016 less than the board anticipated.

The Company also announces that new business revenues from the MNO client in Latin America, as referred to in the Company's announcement on 16 December 2015, continue to be delayed due to integration issues. The Company now believes that the nature of these integration issues may possibly lead to the project with this customer being cancelled.

Discussions continue with other potential new business opportunities in other geographic locations.

 
 CDialogues Plc        Tel: +30 2106 300 930 
 George Karakovounis 
 Pale Spanos 
 
 Allenby Capital       Tel: 0203 328 5656 
  Limited 
 David Hart 
 Alex Brearley 
 
 Walbrook PR           Tel: 020 7933 8780/ cdialogues@walbrookpr.com 
  Ltd 
 Paul Cornelius        Mob: 07866 384 707 
 Nick Rome             Mob: 07748 325 236 
 

About CDialogues

CDialogues provides mobile marketing solutions enabling MNOs to retain and acquire market share, increase average revenue per user (ARPU) and reducing subscriber churn.

The Company's products and services deliver fully managed solutions, utilizing advanced Data analytics techniques combined with Linguistic engineering marketing, to build awareness and multiply sales and opt-ins of promotional offerings and other mobile content being offered by the MNOs.

The solutions designed by the Company, are tailored and served with the appropriate Linguistic format, to each individual mobile network subscriber typology and geography it operates in, using its proprietary software and scalable infrastructure.

The majority of CDialogues' revenues are derived from a recurring subscription-based revenue model, which has been pioneered by the Company. As a result, the Company benefits from incremental cash flow growth from each new campaign customer and mobile network subscriber.

The Company's near-term focus is on growing both its customer base and expanding its geographic footprint in selected markets in the Middle East, Africa and Southeast Asia, where mobile device penetration and mobile network usage is growing rapidly.

CDialogues has been profitable and cash flow positive since commercial operations began in early 2012.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 29, 2016 02:01 ET (06:01 GMT)

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