 saw shares soar over 5 percent on Monday, after reporting its first financials as a mobile-focused business.){kind=link}
Mobile advertising platform Taptica (LON:TAP) saw shares soar over 5 percent on Monday, after reporting its first financials as a mobile-focused business.
The group saw a significant increase in revenue, rising by 66 percent to $125.9 million. Gross margins also improved, with adjusted EBITDA at $25.7 million, well above the $7.4 million reported for 2015.
Taptica proposed a final dividend for 2016 of $0.0432 per share, making a total dividend for the year of $0.1011. Its advertising client base increased to over 600 over the course of the year, including household names such as Amazon, Disney, Expedia and Cartoon Network.
Hagai Tal, Taptica’s Chief Executive Officer, also applauded the company’s “strong foundations in the Asia-Pacific region, which is a key growth market.”
Looking forward, Tal continued:
“The company continues to benefit from the investment being made into mobile advertising by corporates and advertising agencies. The strength of our offer lies in our proprietary platform and ability to collect accurate data which enables us to deliver efficient and effective campaigns, which we will continue to do for all our clients.
“We expect to receive increasing demand from the Asia-Pacific region with demand from US and Europe set to continue. As a result, the Board remains confident of delivering strong year-on-year revenue growth in the year ahead.”
Shares in Taptica are currently up 5.64 percent at 309.00 (0931GMT).