Edison Investment Research - Monitise PLC (MONIF) Update: Reintroducing forecasts

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Edison Investment Research

Update: Reintroducing forecasts

Monitise has concluded its strategic review and decided to proceed as an independent company, with management focused on streamlining the product offering and reducing the cost base. With FY15 and FY16 financial targets maintained, we reintroduce forecasts that show Monitise moving to positive EBITDA in FY16. Our forecasts depend on the successful introduction and customer adoption of the MCP, driving user numbers and subscription revenues, accelerating the transition to a recurring revenue-driven business.

02/04/2015 5 EN

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Monitise PLC

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GB00B1YMRB82 United Kingdom

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Update: Reintroducing forecasts

Ford Equity International Rating and Forecast Report

Update: Termination of coverage

Update: Business resized; fully focused on cloud platform

Basilea Pharmaceutica - Cresemba milestone payments continue to roll in

AAC Clyde Space - Solid start to the year with further order growth

Tinexta - Typical seasonality in Q124

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