Australian advertising technology company, Adslot Ltd
(ASX:ADJ), has released its full year results for FY16.
The company posted a net loss of $8.1 million. Last year, its loss was even higher – at $9.2 million. So this result marks a 12% improvement.
Adslot’s losses before interest and tax were $3.2 million, which is an 11% improvement over last year.
However, the company’s largest revenue growth came from its Trading Technology revenue stream – which was up 59% over the previous year.
Also, Adslot has signed a multi-year deal with groupm, the world’s largest media buyer. Adslot expects immediate and ongoing increase in Trading Technology revenue in the form of Licence Fees as a result.
