Mirada FY trading performance pegged to meet market expectations

Software solutions provider Mirada anticipates its full-year trading performance will be in line with market expectations for revenue, underlying earnings and pre-tax profits.

Mirada said on Wednesday that after the impact of the Covid-19 pandemic throughout much of 2020, trading had improved during the second half of the financial year as customers re-commenced their investment plans, driven by end-user demand for OTT platforms and online content.

In particular, the company noted that the deployment of its Android TV solution had seen stronger demand than internally forecast, with more than 450,000 Android TV hybrid set-top boxes deployed amongst its customers' subscriber base.

Mirada also highlighted that the previously flagged Covid-19 related slowdown in sales activities had actually now reversed, with the AIM-listed group holding on to "a strong pipeline of opportunities" covering a wider geographic reach than at any time in the firm's history.

Chief executive Jose Luis Vazquez said: "We are pleased to report that trading for the year to 31 March 2021 was in line with market expectations and believe we are well-positioned to benefit from current market developments.

"We have a diverse and solid pipeline of opportunities and we look to the future with confidence."

As of 1045 BST, Mirada shares had ticked up 0.061% to 82.55p.