ROYAL TUNBRIDGE WELLS, UK, May 19 /CNW/ - Synchronica plc ("Synchronica"
or "the company") (AIM: SYNC) (TSXV: SYN), the international provider
of next-generation mobile messaging infrastructure, is pleased to
announce that it has published its Annual Report and Accounts for the
financial year ended 31 December 2010.
The report is available to download immediately from the Company's
During 2010, Synchronica dramatically expanded its market share and
recorded substantial contract wins, as well as a significant rise in
recurring revenue streams.
85% increase in revenue from US $5.9m in 2009 to US $10.9m in 2010.
82% increase in gross profits to US $10.4m from US $5.7m in 2009.
EBITDA loss decreased by 65% to US $0.8m from US $2.9m in 2009.
83 mobile operators and eight device manufacturers in customer base,
compared to 21 operators and one manufacturer at the end of 2009.
the Company's directly addressable market at the end of 2010 amounted to
1.3 billion users, a more than fourfold increase over 300 million in
Completed the acquisition of iseemedia Inc. and the Instant Messaging
business of Colibria AS.
Listed on TSX Venture Exchange.
Synchronica's Annual Report and Accounts also offers a wealth of
information on analyses, case studies and statistics from the messaging
sector and the mobile industry as a whole. It provides valuable insight
into the key trends occurring worldwide, including unique perspectives
on our high-growth emerging markets, and Synchronica's broadening reach
into developed markets.
Synchronica plc is a leading developer of next-generation mobile
messaging solutions. Mobile Gateway, Synchronica's flagship product,
provides push email, synchronization, instant messaging (IM), and
social networking services to any mobile phone currently in use.
Synchronica's patented transcoding engine uses advanced streaming to
download email attachments and can dramatically reduce the consumption
of network bandwidth by as much as 90 percent.
Mobile operators and device manufacturers from emerging and developed
markets rely on Synchronica's white-labelled product for providing mass
market messaging services across the entire customer base, diversifying
revenues and reducing churn.
Headquartered in England, Synchronica also maintains a development
centre in Germany and the Philippines in addition to a regional
presence in Canada, the USA, Hong Kong, Spain, and Dubai. Synchronica
plc is a public company traded on the AIM list of the London Stock
Exchange (SYNC) and the Venture Exchange of the Toronto Stock Exchange
(SYN). For further information, please visit www.synchronica.com
The foregoing information may contain forward-looking statements
relating to the future performance of Synchronica plc. Forward-looking
statements, specifically those concerning future performance or
results, are subject to certain risks and uncertainties, and actual
results may differ materially from Synchronica's plans and
expectations. These plans, expectations, risks and uncertainties are
detailed herein and from time to time in the public filings and
announcements made by Synchronica, including those made with AIM, a
market of the London Stock Exchange, with the TSX Venture Exchange or
with securities regulators. Synchronica does not assume any obligation
to update or revise its forward-looking statements, whether as a result
of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.
SOURCE Synchronica plc
For further information:
| Synchronica plc |
| Carsten Brinkschulte, CEO |
Angus Dent, CFO
Nicole Meissner, COO
| +44 (0) 7977 256 406 |
+44 (0) 7977 256 347
+44 (0) 7977 256 412
| TMX | Equicom || Craig MacPhail || 416 815 0700, ext. 290 |