Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from MiMedia Holdings Inc ( (TSE:MIM) ).
MiMedia Holdings Inc has confirmed the successful commencement of shipments for its integrated smartphones, with 2 million units set for delivery in the US in 2025. These devices feature MiMedia as the default media gallery, generating high-margin revenues from mobile advertising and cloud storage subscriptions. The company anticipates an increase in average revenue per user as more devices come online, capitalizing on growth opportunities in regions like Mexico, Latin America, SE Asia, India, and Africa, where smartphone demand is rising.
More about MiMedia Holdings Inc
MiMedia Holdings Inc provides an AI-based next-generation consumer cloud platform that enables personal media to be secured in the cloud and accessed seamlessly across devices and operating systems. The company partners with smartphone makers and telecom carriers globally, offering rich media experiences, robust organization tools, and features that enhance content re-engagement. MiMedia’s platform supports millions of users worldwide, providing partners with recurring revenue streams and improved customer retention.
YTD Price Performance: 53.85%
Average Trading Volume: 152,169
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$29.15M
For a thorough assessment of MIM stock, go to TipRanks’ Stock Analysis page.