Mobile Tornado enters South African market and narrows its losses
Communications provider Mobile Tornado has narrowed losses and entered the South African market.
The Harrogate-based company, which provides instant communication software that can be used on mobile phones, has reported its half year results to 30 June, which show pre-tax losses dropped to £1.06m from £1.56m in the previous year.
However, the firm saw its operating expenses increase 14% to £2.09m, which they said was due to the depreciation of sterling.
In the period, Mobile Tornado launched with two Mobile Network Operator (“MNO”) customers in South Africa and established trading relationships with two independent Push to Talk (“PTT”) operators in South America.
They completed the development of new instant communication platform, with significantly higher capacity and additional user features and released an upgraded software development kit.
Avi Tooba has recently joined the firm as chief executive.
Jeremy Fenn, Chairman of Mobile Tornado, said: “The improvements we have made to our platform over the last 12 months have been borne out by the recent wins in the Middle East and the increasing number of tenders we have been asked to participate in. Further evidence that adoption of PoC is accelerating was provided by the recent acquisition of Kodiak Networks, one of our principle competitors, by Motorola Solutions.
“I am confident that our experienced management team led by Avi Tooba, our recently appointed CEO, place the Company in a strong position as the market develops. We look forward to the balance of this year and the Company’s prospects in 2018 and beyond.”