Mobile Money - banking, paying and buying provider Monitise Plc (MONI.L) issued a trading update following its December 31, 2014 half-year results period end.
While the fiscal 2015 EBITDA loss is expected to be 40 million pounds - 50 million pounds / $60 million - $76 million, the firm confirmed its expectation to be EBITDA profitable in fiscal 2016. Monitise reiterated its guidance of 200 million users and 2.50 pounds ARPU by end fiscal 2018, based on the scale of the market opportunity and partnerships in place.
Further, Monitise reaffirmed its guidance of over 30% EBITDA margins by end FY 2018, underpinned by high operational leverage in the business.
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