Aferian (AFRN)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 11.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 39.00
  • 52 Week Low: 9.50
  • Currency: UK Pounds
  • Shares Issued: 111.21m
  • Volume: 61,485
  • Market Cap: £13.07m

Aferian acquires AI-powered video recommendation service

By Iain Gilbert

Date: Tuesday 05 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Video streaming solutions company Aferian has acquired AI-powered video recommendation service the Filter in a deal worth as much as £4.0m.
Aferian said on Tuesday that its acquisition of Exabre Limited, trading as the Filter, was complementary to its 24i product offering and was aligned with its 2025 strategy to address the convergence of streaming services and traditional Pay TV.

The AIM-listed firm stated the Filter's technology would "significantly accelerate" the roadmap of 24i's video streaming platform by adding enhanced analytics, recommendations, and personalisation to its existing data analytics services.

Aferian paid £1.2m in cash for Exabre, while an additional £300,000 was deferred until 18 months after the acquisition date. An additional consideration of up to £2.5m will also be payable, subject to the Filter achieving certain annual recurring revenue growth at increments of additional ARR of £500,000. The additional consideration will be settled in cash and payable in two tranches, at the first and second anniversaries of the acquisition.

As of 0935 BST, Aferian shares were down 1.11% at 134.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Aferian Market Data

Currency UK Pounds
Share Price 11.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 39.00
52 Week Low 9.50
Volume 61,485
Shares Issued 111.21m
Market Cap £13.07m

Aferian Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.62% above the market average95.62% above the market average95.62% above the market average95.62% above the market average95.62% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
86.63% below the market average86.63% below the market average86.63% below the market average86.63% below the market average86.63% below the market average
92% below the sector average92% below the sector average92% below the sector average92% below the sector average92% below the sector average
Income
83.33% above the market average83.33% above the market average83.33% above the market average83.33% above the market average83.33% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
82.84% below the market average82.84% below the market average82.84% below the market average82.84% below the market average82.84% below the market average
84% below the sector average84% below the sector average84% below the sector average84% below the sector average84% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Aferian Dividends

  Latest Previous
  Interim Final
Ex-Div 01-Sep-22 07-Apr-22
Paid 26-Sep-22 22-Apr-22
Amount 1.00p 2.09p

Trades for 28-Mar-2024

Time Volume / Share Price
15:40 263 @ 11.50p
15:04 30,000 @ 11.80p
14:26 1,180 @ 11.75p
13:47 30,000 @ 11.79p
10:36 42 @ 11.79p

Aferian Key Personnel

CEO Donald McGarva
CFO Mark Carlisle

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