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Eagle Eye to post £800,000 loss for the year

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Digital solutions specialist Eagle Eye expects to post a £800,000 loss for the year ended 30 June 2014 despite revenue soaring.

The firm which supports vouchers, gift cards, coupons and staff incentive programmes saw revenue surged 157 per cent to £1.8m as the firm doubled its client base using its AIR network. It counts Greggs, Pets at Home and Karen Millen among its clients.

It said it had been a “transformational” year for the business with its IPO on the London stock exchange in April and the acquisition of mobile marketing firm 2ergo limited.

Phill Blundell, chief executive, said: “I am delighted by the significant financial and operational progress that has been achieved in FY2014 as we deliver on our growth strategy as a public company.”

The amount spent on mobile devices such as tablets and smartphones more than doubled last Christmas compared to the same period last year, according to IMRG. Nearly three quarters of multi-channel retailers now have a website optimised for mobile.

Published on Tuesday 29 July by Editorial Assistant

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