Synchronica narrows loss on sales boom

UK-based mobile email and messaging company Synchronica narrowed its losses significantly in the first half of 2010 thanks to surging sales.
Synchronica's pre-tax loss fell to £1.34 million (€1.6 million) from £2.49 million in 1H09, while revenue more than doubled to £3.43 million, from £1.33 million a year earlier.
First-half sales were 90% of FY09's full year revenues of £3.8 million.
CEO Carsten Brinkschulte said the 1H gains were the result of the launch of a new low-cost messaging service, winning ten deals with mobile device manufacturers, and the acquisition of Colibria's instant messaging and presence server (IMPS) business in Latin America.
The firm’s costs increased to £4.1 million from £3.5 million in 1H09, but gross margin remained high at 96%.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.