Phorm Corporation Limited

Interim Results for the Six Months Ended 30 June 2014

SINGAPORE--(Marketwired - Aug 22, 2014) - Phorm Corporation Limited (AIM: PHRM)

Phorm Corporation Limited
("Phorm" or the "Company")
Interim Results for the six months ended 30 June 2014

Phorm (AIM: PHRM), a leading internet personalisation technology company, today announces its unaudited interim results for the six months ended 30 June 2014.

Highlights:

• Gross revenue $0.5m (2013: $0.03m)
  
  
• Operating Losses $22.8m (2013: $24.3m)
  
  
• Losses after taxation $23.0m (2013: $24.8m)
  
  
• Loss per share was $0.04 (2013: $0.18)
  
  
• During the first 6 months of the year, average monthly cash burn excluding financing activity was $3.6m (2013: $2.6m)
  
  

For further information please contact:

Phorm Corporation Limited
Andy Croxson (analysts and investors)	[phone]
UK Investors
Mirabaud Securities LLP (Broker)	[phone]
Jason Woollard
Peter Krens
Strand Hanson Limited (Nominated Adviser)	[phone]
James Harris
Matthew Chandler
James Dance
US Investors
Lippert/Heilshorn and Associates (Investor Relations)	[phone]
John Heilshorn

Chairman and Chief Executive Officer's Statement