Key points:
- Mobile Streams shares edged higher on upbeat H1 2021 interim results.
- In addition, the company’s revenues rose significantly in January and February.
- As a result, MOS shares look attractive at current prices, given its prospects.
The Mobile Streams Plc (LON: MOS) share price edged 3.33% after the mobile gaming and esports company released the interim results for the second half of 2021.
The company generated revenues worth £300,000 in the six months to 31 December 2020, which improved the £200,000 generated in a similar period in 2020.
Also read: Best Video Game Stocks to Buy in 2022.
The gaming company also issued an update on its 2022 performance, where it generated revenues of over US$120,000 in January 2022, followed by revenues exceeding US$150,000 in February.
Mobile Streams is on an impressive growth path after transforming its legacy business to entirely focus on its current services, such as its LiveScores Football 365 service, launched in Mexico, Argentina and Brazil.
The company is also looking to grow its www.mobilegaming.com service after raising £1.2 million earlier this month from a share placement. The site has significant growth potential on a global scale.
Investors should not forget that the company entered into a partnership with Vodafone India, making its services available to India’s 273 million mobile subscribers. The partnership could prove to be a leading revenues generator in future.
Mobile Streams also acquired complete control of the LiveScores service; hence, they will be receiving all the revenues generated from the platform.
The company also has a strategic partnership with International Gaming Systems (“IGS”), which could deliver significant revenues over time. The partnership allowed Mobile Streams to launch its first Esports competition tapping into the growing popularity of such competitions.
Overall, Mobile Streams’ prospects are pretty promising; hence, shareholders could be handsomely rewarded in future.
Mark Epstein, Mobile Streams CEO, said: “Since the launch of the LiveScores platform in July, we have grown revenues every month. Although it has taken longer than hoped since 2019 to find a way to build on our existing carrier relationships, we are now doing so. We are actively looking at ways to improve the effectiveness of our marketing, including through further joint ventures and partnerships and see significant opportunities to grow customer numbers and revenues in sports and Esports. We are delighted with the performance of the business and expect to see the trend of good revenue and customer growth to continue throughout 2022.”
Mobile Streams shares have fallen 10.58% in 2022 and are trading near a crucial support level. The shares could rally higher if the level holds over the next few days creating an excellent trade setup for investors and traders.
*This is not investment advice. Always do your due diligence before making investment decisions.
Mobile Streams share price.
Mobile Streams' share price edged 3.33% higher to trade at 0.31p, rising from Thursday's closing price of 0.30p.