Print Published 2nd Jan 2019, 13:31

Matomy Media reveals $42m loss; going concern questioned

Matomy Media Group, the AIM listed Israeli digital advertising sales business, added more gloom to its financial condition this morning by reporting a loss of $42.5 million (£32.5 million) for the nine months to 30 September 2018 and confirming  that “there remains some uncertainty regarding the group’s ability to meet certain obligations in the foreseeable future”.