Online advertising software company Adgorithms (ADGO) has updated that it “continues to execute its stated growth strategy and expects trading for the year ended December 2016 to be in line with management's expectations”. So why are the shares currently 25% lower, at 16.5p?...
Adgorithms (ADGO) “is pleased to report half year results for the six months ended 30 June 2016. In the period, the company delivered revenues of $8.7m, and adjusted gross profit of $2.2m”. Sounds promising, but what? The shares currently down 25% to sub 20p. Hmmm...
After a material profit warning less than four months after its 11th June 2015 £27 million AIM listing, online advertising software company Adgorithms (ADGO) has announced results for the year and that “it is now evident that 2016 will be a year of transition and investment”. What was 2015 then?
Having warned “materially” in October just months after listing (see HERE), online advertising software company Adgorithms (ADGO) is today “pleased to report that revenue for FY2015 is currently tracking broadly in line with expectations however, the EBITDA margin in Q4 will be below expectations and this will be reflected in the EBITDA outcome for the full year”. Oh no, not again! …
11th June 2015: “First day of dealings on AIM following £27.0m placing… Market capitalisation at Placing Price of approximately £82.1m… Adgorithms (ADGO), a leading software company operating in the high growth online advertising market, is pleased to announce that admission and trading of its ordinary shares will commence at 8.00am today on AIM”. 9th October 2015: “Adgorithms expects its earnings for the full year to be materially below market expectations”. Welcome to another example of IPO life on AIM…
