for the six months ended 31 March 2016

Actual Experience plc (AIM: ACT), the analytics-as-a-service company, is pleased to announce its unaudited consolidated interim results for the six months ended 31 March 2016.

Financial Highlights

  • Revenue increased by 48% to £486,635 (31 March 2015: £329,238)
  • Operating loss of £2,608,449 (31 March 2015: loss of £1,012,236)
  • Loss per share of 6.62p (31 March 2015: loss per share of 3.12p)
  • Cash balance of £12,250,755 (30 September 2015: £15,275,222)

Operational Highlights

  • Signing of third multi-year framework agreement, a five year agreement with Vodafone
  • Ongoing progress towards commercialisation within two existing channel partners: Verizon Enterprise Solutions and a leading global brand
  • Significant white-labelling order from a leading US based technology company
  • Continued investment into operational infrastructure, technology development, people, brand and marketing

Dave Page, CEO of Actual Experience, commented: "The contracts signed in the first half of the year have seen Actual Experience considerably widen its channel partner network. Alongside our direct customer base, we are now engaged with four major technology businesses, three of whom have signed multi-year framework agreements for the distribution of our analytics service. While the financial results continue to show growth, they do not yet reflect the significant potential of these agreements.

The funds raised in June 2015 have enabled us to invest in our operations to ensure we have the infrastructure to support these partners and we are excited about their potential. We continue to target additional channel partners and there are opportunities in development with some of the world's largest technology and service companies.

We look to the second half of the year and beyond with confidence.”


Actual Experience plc

Dave Page, Chief Executive Officer

Steve Bennetts, Chief Financial Officer

via Alma PR

N+1 Singer Advisory LLP

Shaun Dobson

Lauren Kettle

Tel: +44 (0)207 496 3000

Alma PR

Caroline Forde

Tel: +44 (0)7779 664584

Josh Royston

Tel: +44 (0)7780 901979

Hilary Buchanan

Tel: +44 (0)7515 805218