Mirada's outlook upbeat

Mirada (MIRA) said trading in the first six months of the current financial year has been strong and that it is confident of meeting market expectations for the full year to 31 March 2017.

"The rollout of the Iris product across the Televisa network is progressing well, with the commercial delivery in line with Mirada's expectations," the company said in a statement.

In addition, the Company has improved cash collection during recent months such that receivables stood at £0.6m at 30 September 2016.

This has also resulted in an improvement to Mirada's cash position to £1.1m at 30 September 2016 (£0.7m as at 31 March 2016), with additional available short-term facilities at £1.3m at 30 September 2016.

At 9:01am: (LON:MIRA) Mirada PLC share price was +1.13p at 4.5p