By Michael Susin
Mirada PLC said Thursday that it projects its fiscal 2022 performance wil be in line with market expectations, driven by a robust customer pipeline.
The London-listed provider of software for digital-TV operators and broadcasters said revenue for year ended March 31 is expected to be $11.0 million, compared with $11.1 million a year earlier.
Adjusted earnings before interest, taxes, depreciation and amortization–which strips out exceptional and other one-off items–is forecast to be $1.6 million, down from $1.7 million, it said.
The company said its pipeline has continued to increase, driven by rising demand for its Android TV technology, as well as for products for super-aggregation, in which pay-TV operators aggregate content from various streaming subscription services onto their platform.
“While remaining vigilant of external risks and uncertainties, the outlook is positive, giving the board confidence that fiscal 20203 will be a year of significant commercial progress and that the group can deliver significant, sustainable growth over the coming years,” Chief Executive Officer Jose Luis Vazquez said.
Write to Michael Susin at [email protected]