Kobalt revenues rise but its losses have increased too


Kobalt’s soon-to-be-published financial results reveal that its revenues rose by 25.6% to $245.1m in its last full financial year, which ended on 30 June 2015.

The company ended that year with more than $46m of cash in the bank, buoyed by its $60m funding round led by Google Ventures in February 2015.

The financial results have not yet been published through Companies House, but Kobalt shared them with MBW including an interview with CEO Willard Ahdritz. For some, that may raise the prospect of a company keen to get its story out ahead of the pure figures.

Stuart Dredge

Read More: Data News
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