VMob widens loss, doubles revenue while focusing on US market

Sun, 29 May 2016

By Sophie Boot May 30 (BusinessDesk) - VMob, the mobile advertising firm which joined the NZX main board in January, widened its annual loss while investing in building a presence in the US market and in the development of its technology platform. The net loss was $6.6 million in the 12 months ended March 31, from $4.4 million a year earlier, the San Francisco-headquartered company said in a statement. Revenue more than doubled to $6.6 million from $2.9 million in 2015. Annualised committed monthly revenue (ACMR) rose 70 percent to $5...

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