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Mirriad Advertising ( (GB:MIRI) ) has issued an announcement.
Mirriad Advertising has received an R&D tax credit of approximately £346,000 from HMRC for the financial year ended 31 December 2024, lifting its cash position to about £1.275 million. The additional funds modestly strengthen the company’s balance sheet and liquidity as it continues to commercialise its virtual product placement technology in key markets, a development of note for investors monitoring its cash runway and operational resilience.
More about Mirriad Advertising
Mirriad Advertising is a UK-based leader in virtual product placement and in-content advertising, offering a multi-patented platform that dynamically inserts products and brands into television, streaming (SVOD/AVOD), music, and influencer content. The company focuses on creating new revenue streams for content owners while delivering high-performing, less intrusive ad formats for advertisers, and currently operates across EMEA, the US through a joint venture with Rembrand, and India.
YTD Price Performance: -93.55%
Average Trading Volume: 711,563,315
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.11M
For detailed information about MIRI stock, go to TipRanks’ Stock Analysis page.