Revenues fall at mobile communications business

Mobile Tornado, which specialises in push-to-talk mobile communications, says its total revenue fell by 16% to £1.06m (H1 2023: £1.26m) in its unaudited results for the six-month period to 30 June 2024.

The Harrogate-headquartered company also reported a loss before tax of £0.60m (H1 2023: £0.53m) and adjusted EBITDA loss of £0.15m (H1 2023: £0.16m).

Jeremy Fenn, chairman and acting CEO, said: The strategy we launched in early 2023 to widen our network of industry partners and establish a presence in new international markets has continued.

“During 2024, we have secured deals with multiple new partners covering the Nordics, Gulf States, USA, UK and North Africa.

The Board is focused on growing the company’s recurring revenues as this will be the primary driver for delivering increased shareholder value.

“We are now engaged with significantly more partners and end customers than we were 18 months ago, and I am hopeful that these relationships will begin to deliver material uplifts in sales activity as we move forward.”

Mobile Tornado notes that in May of this year it was chosen to supply a range of cutting-edge technologies to a provider of innovative technologies in the Middle East and Africa.

It has now confirmed that this provider is Zain Iraq, part of Zain Group, which serves over 50 million active individual and business customers.

Mobile Tornado adds that it has formally re-entered the Canadian market, by signing a new partner agreement with Prairie Mobile Communications, a Canadian telecommunications provider based in the Prairie provinces.

And the company has expanded its presence in the continent of Africa, through a reseller partnership with 3GCOM, a global system integrator for IT and telecom solutions in North Africa.

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