Synchronica 1H Pretax Loss £1.34M Vs Loss £2.49M

15th Jul 2010 07:55

LONDON (Dow Jones)--Synchronica Plc (SYNC.LN), an AIM-listed mobile email, instant messaging and data synchronization provider, announced Thursday it made a pretax loss of GBP1.34 million for the six months ended June 30, compared with a wider loss of GBP2.49 million. MAIN FACTS: -Revenues up 2.5 times to GBP3.43 million (1H '09: GBP1.33 million), 90% of previous full year revenues (FY '09: GBP3.8 million) -Costs increased modestly to GBP4.1 million (1H '09: GBP3.5 million) -Gross profits up significantly to GBP3.28 million (1H'09: GBP1.18 million) -Gross Margin continues to be high at 96% -Dividend: n/a -Launched MessagePhone in February 2010, introducing the first low-cost messaging device bundled with Mobile Gateway; two purchase orders received from operators in Africa and Latin America and sales are expected to accelerate in the second half of 2010. -Announced major product upgrade to Synchronica Mobile Gateway 5, adding Instant Messaging and Mobile Social Networking, enhancing value proposition and improving the competitive position. -Acquired Colibria's IMPS business with group-wide framework agreements covering over 320 million subscribers in Latin America. -Announced 10 deals with mobile operators and device manufacturers in 1H '10; expanded customer base to more than 40 contracts representing a total addressable market of 660 million subscribers. -Extended global reseller network contributed six deals in 1H '10; reseller network now includes Brightstar, Nokia Siemens Networks and an Asian-based telecoms vendor. -Significantly increased deal size towards the end of 1H '10, with three $1 million+ deals signed in June 2010. -Shares closed on Wednesday at 1.88 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; [email protected] (END) Dow Jones Newswires July 15, 2010 02:55 ET (06:55 GMT)