Place-based and location Intelligence company Motio posted an 8% lfit in revenue to $3 million for the year to June.
The company recorded a statutory loss of $372,000 compared to a net loss of $152,600 the year before. EBITDA (earnings before interest, taxes, depreciation, and amortisation) was $1.49 million.
Motio operates digital display networks and software solutions across Indoor Sports and Leisure, major Health & Wellbeing locations has the exclusive rights to the Ampol-On-The-Go-Retail digital display networks.
A year ago Motio, then called XTD, launched its digital place-based media business acquiring Adline media and oOh!media's Healthcare network.
The company then acquired Swift’s Health & Wellbeing network, Medical Channel Pty Ltd, emerging as a frontrunner in the Healthcare sector.
"We have transformed the business despite the current market conditions," says CEO Adam Cadwallader.
"The team is genuinely excited about our purpose, growth and breaking new ground as we fuse together media with real, credible, and sustainable utility to benefit the Motio audiences and commercial partners.
"Brands want to ensure they make sense to the people that are engaging with Motio’s displays and we have spent considerable time developing quality first party data that underpins this with precision.”
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