Mirriad Advertising


£153.5m market cap

55p last close

Mirriad Advertising creates new revenue streams for content producers and distributors by creating new advertising inventory in content. Its patented AI and computer vision technology dynamically inserts products and innovative signage formats after content is produced.

Investment summary

Mirriad Advertising’s H120 numbers show strong top-line progress, up 109% on H119 and 26% ahead of H219. H120 revenues were up over 185% year-on-year in China and Singapore, with market confidence rebuilding. There are very promising new agreements in place with US media owners, with early moves in large adjacent markets, such as music video. There are advanced negotiations ongoing with Tier 1 entertainment platforms. These prospects significantly increase the attraction of Mirriad’s proposition to advertisers. Cash burn is now under £1m per month, with end-August cash of £13.3m (no debt). Market forecasts for FY20–22 are unchanged.

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Share price graph
Price performance
Actual (4.8) 19.6 424.9
Relative* (7.4) 15.3 416.7
52-week high/low 63.0p/5.7p
*% relative to local index
Key management
Stephan Beringer CEO
David Dorans CFO
Ryan Mendy IR