RhythmOne: 'It feels like we’re back'

RhythmOne (RTHM) seems to have put the worst of its problems behind it. A major restructuring programme has seen the digital advertising specialist dispose of a number of smaller 'non-core' businesses, invest $5m (£3.9m) in mobile, video and programmatic product development, and acquire a rewards platform, Perk. This helped send adjusted cash profits into positive territory in the second half of the financial year. Broker Numis thinks this return to profitability will continue and has forecast adjusted pre-tax profits of $8.7m and adjusted EPS of 1.8ȼ in the year to March 2018, swinging from losses of $4.7m and 1.1ȼ, respectively, in the reported period.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now