No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Digital advertising business Dianomi warned on Tuesday that it and to record a small loss in FY24 compared to market expectations of a small profit.
Dianomi now expects revenue for the year to be broadly in line with market expectations at roughly £28.0m but cautioned that it would likely be in the red on an adjusted EBITDA level.
The AIM-listed group stated that while traffic across its premium publisher base remained steady, the uplift from the US election was less pronounced than widely anticipated. Alongside this, demand from its premium advertiser base had been softer than expected.
Dianomi added that cash at year-end was expected to be in line with market expectations of £7.8m and said it remains debt-free.
As of 1050 GMT, Dianomi shares were untraded at 45.0p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.
