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Motio Limited ( (AU:MXO) ) has provided an announcement.
Motio Limited has entered an exclusive sales partnership and made a minority equity investment in Adonix, a transit media network that operates high-definition digital taxitop screens. The move marks Motio’s entry into location-based transit media with the planned launch of Motio Drive, adding a premium, mobile urban format to its existing health, play, café and venue networks.
Motio will exclusively sell advertising across the Adonix network and invest $300,000 for a 13.33% stake in Lorikeet Corporation, funding an expansion to about 150 digital taxitop-equipped vehicles. The company has also secured a performance-based call option to acquire the remaining Adonix shares, a capital-light structure the board says supports profitable growth and underpins expectations of continued revenue expansion into FY27 and beyond.
The most recent analyst rating on (AU:MXO) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Motio Limited stock, see the AU:MXO Stock Forecast page.
More about Motio Limited
Motio Limited is an Australian digital place-based media company that helps brands connect with audiences through dedicated digital display channels. Its network combines out-of-home and digital capabilities across cafés, medical centres, indoor sports venues, bars and pubs, and now transit environments via Motio Drive in metropolitan Sydney.
Average Trading Volume: 361,123
Technical Sentiment Signal: Hold
Current Market Cap: A$16.46M
Learn more about MXO stock on TipRanks’ Stock Analysis page.