Mirada posts wider H1 pre-tax loss as revenue improves

24th Nov 2016 11:50

(ShareCast News) - Mirada said it is currently enjoying its strongest-ever position in the market as it posted a wider first-half pre-tax loss on improved revenue.Pre-tax loss was £1.2m, from £0.8m. Revenue was £2.8m, from £2.3m."Thanks to the successful commercial rollout of the Iris solution for Televisa in July, we are currently enjoying our strongest position in the market in the company's history," said chief executive Jose Luis Vazquez."We have reinforced our sales and marketing team in order to capitalise on the exceptional reference our work with Televisa provides and this has enabled us to build a solid pipeline in Asia, Europe and Latin America," the CEO added."We are confident that this should result in new customers, further strengthening our position as one of the leading providers of state-of-the-art technology for Pay TV."At about 11:27 GMT, shares in AIM-quoted Mirada were down 7.69% to 4.5p.