Seen (SEEN)

Sector:

Media

Index:

FTSE AIM All-Share

 12.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 45.00
  • 52 Week Low: 12.50
  • Currency: UK Pounds
  • Shares Issued: 49.96m
  • Volume: 0
  • Market Cap: £6.24m
  • 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 12.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 45.00
52 Week Low 12.50
Volume 0
Shares Issued 49.96m
Market Cap £6.24m
RiskGrade 237

Seen Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.06% above the market average76.06% above the market average76.06% above the market average76.06% above the market average76.06% above the market average
69.57% above the sector average69.57% above the sector average69.57% above the sector average69.57% above the sector average69.57% above the sector average
Price Trend
90.97% below the market average90.97% below the market average90.97% below the market average90.97% below the market average90.97% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average
Income Not Available
Growth
5.65% above the market average5.65% above the market average5.65% above the market average5.65% above the market average5.65% above the market average
16.98% above the sector average16.98% above the sector average16.98% above the sector average16.98% above the sector average16.98% above the sector average

Seen Dividends

No dividends found

Trades for --2022

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0 @ 0.000p

Seen Key Personnel

CFO Adrian Hargrave

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