Mporium revenues boosted by MporiumX unit

4th Apr 2019 09:15

(Sharecast News) - Marketing technology outfit Mporium saw revenues exceed £5.4m in the first quarter of its financial year, driven by the introduction of its new division, MporiumX.Mporium continued to trade in-line with expectations in the three months ended 31 March, with revenues booked during the period coming in ahead of those seen a year earlier, leading the firm to reiterate its EBITDA break-even target for 2019 as a whole.The AIM-listed group told investors on Thursday that the "vast majority" of its revenues were placed through MporiumX, its performance-led trading division, but also noted that its agency division showed a year-on-year increase of over 85%.On an operational level, Mporium made "significant process" in the monetisation of Newcastle-based fintech outfit Allay's consumer claims opportunity, in which Mporium acted as the exclusive supplier of customer acquisition and lead generation for the firm, with billed revenues during the first five weeks of operation already ahead and expected to "increase materially" over the coming months.Chief executive Nelius De Groot said: "This has been a transformational period for Mporium and we face the year ahead with increased optimism."Mporium expects to post fully audited results for its 2018 trading year at some point in May.As of 0910 BST, Mporium shares had picked up 1.08% at 5.66p.