Interim Results for 6 months to 30 June 2017

Vipera (AIM:VIP), the specialist provider of mobile financial services, is pleased to announce its unaudited interim results for the six months ended 30 June 2017.


Period Highlights:

• Revenue €4.35 million: up 15% vs prior year (H1 2016: €3.78 million)

• Operating loss €0.56 million (H1 2016: €0.40 million), reflecting investment spend to accelerate path to profitability

• Major contract won with major existing customer in Middle East

• Signed initial contracts with two financial institutions – in North America and United Kingdom generated through new Mastercard partnership


Post-Period Highlights:

• Acquisition of SoftTelecom in Spain and establishment of Iberia presence • €2.5 million subscription at premium to market price to finance acquisition and raise expansion capital

• Dubai office opened

• Completion of Codd & Date reorganisation


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