Seen (SEEN)

Sector:

Media

Index:

FTSE AIM All-Share

 4.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 6.65
  • 52 Week Low: 2.00
  • Currency: UK Pounds
  • Shares Issued: 93.35m
  • Volume: 33
  • Market Cap: £4.43m
  • RiskGrade: 237

Entertainment AI trades in line despite downturn in ad spending

By Iain Gilbert

Date: Tuesday 05 May 2020

LONDON (ShareCast) - (Sharecast News) - Media platform operator Entertainment AI traded in line with expectations throughout the first quarter of 2020 despite flagging a downturn in digital advertising spend.
Entertainment AI said on Tuesday that pre-tax losses were pegged to come in at $630,000, in line with guidance, while revenues fell 8% year-on-year to $2.1m.

The AIM-listed firm said GTChannel views were up 35% at 4.4bn but said revenues per view were down 33% at $1.57 - reflecting wider market conditions amid a fall in digital video advertising spend.

Entertainment AI also highlighted a strong balance sheet with $7.9m of net cash as of 30 April, enabling it to meet all growth objectives.

However, while the group said its multi-channel network showed "strong growth" in audience views and watch minutes, because of the impact of Covid-19 and the market-wide reduction in digital video advertising spend, Entertainment AI said it did not expect this growth to translate into a similar increase in revenue.

Chairman Dr Patrick DeSouza said: "We believe that our technology products are being launched at the right time to take advantage of opportunities brought on by Covid-19 crisis and market drop in digital ad sales.

"We have the capital and institutional backing to deliver our solutions on-time and we look forward to this challenge."

As of 1110 BST, Entertainment AI shares were up 13.73% at 29p.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Seen Market Data

Currency UK Pounds
Share Price 4.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 6.65
52 Week Low 2.00
Volume 33
Shares Issued 93.35m
Market Cap £4.43m
RiskGrade 237

Seen Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.80% above the market average57.80% above the market average57.80% above the market average57.80% above the market average57.80% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Price Trend
26.06% below the market average26.06% below the market average26.06% below the market average26.06% below the market average26.06% below the market average
2.13% below the sector average2.13% below the sector average2.13% below the sector average2.13% below the sector average2.13% below the sector average
Income Not Available
Growth
45.43% above the market average45.43% above the market average45.43% above the market average45.43% above the market average45.43% above the market average
31.82% above the sector average31.82% above the sector average31.82% above the sector average31.82% above the sector average31.82% above the sector average

Seen Dividends

No dividends found

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Time Volume / Share Price
15:40 33 @ 4.50p

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