Mirriad Advertising expects annual revenue to fall

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Marketing company Mirriad Advertising said it expected to post a fall in annual revenue, despite large increases in both the US and Europe.

Revenue for the year through December was expected to be about £2.0 million, the company said in a trading update, without providing a comparative figure.

For 2020, the company posted annual revenue of £2.18 million.

US revenue rose by more than 180% to about £884,000, while European revenues rose by more than 68% to about £143,000.

The company closed the year with a cash balance of £24.5 million.