reports
- Kate Heseltine
musicMagpie - Buy more, sell more, rent more
musicMagpie (MMAG) provides a cost-effective and sustainable alternative to buying and selling consumer technology and physical media. Future growth is supported by the positive tailwinds of increasing awareness of sustainability issues and the growing importance of the circular economy. It has a significant growth opportunity from the rental of technology, which is expected to generate greater revenue and profit over the life of a device than an outright sale. The addition of the new recurring ...
- Kate Heseltine
musicMagpie - Diverging trends in H221
musicMagpie’s (MMAG) trading update for the year ended November 2021 is encouraging given the differing revenue trends of the individual business lines and the changes in mix, namely, a greater contribution from Technology, which has a higher cash profit but lower percentage margin. Technology was better than expected, with an acceleration in revenue growth in H221 despite the likely dampening effect from the substitutional impact of lower one-off revenue in the short term as MMAG builds a recur...
- Kate Heseltine
musicMagpie - Diverging trends in H221
musicMagpie’s (MMAG) trading update for the year ended November 2021 is encouraging given the differing revenue trends of the individual business lines and the changes in mix, namely, a greater contribution from Technology, which has a higher cash profit but lower percentage margin. Technology was better than expected, with an acceleration in revenue growth in H221 despite the likely dampening effect from the substitutional impact of lower one-off revenue in the short term as MMAG builds a recur...
- Kate Heseltine
musicMagpie - Delivering on financial and strategic goals
musicMagpie’s (MMAG) maiden interim results following its admission to AIM demonstrated underlying revenue growth with expanding gross margins. There are encouraging results from new initiatives that aim to generate incremental revenue streams in new markets including recurring telephony subscriptions (versus historical one-off revenues), and new sources of product including corporate recycling and SMARTDrop kiosks. These have the potential to become important contributors to MMAG’s growth prosp...
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