Isentia shares are being crushed

Jeff Mitchell / Getty Images

Shares in Isentia fell hard after the media monitoring company posted a 11.6% drop in revenue to $137.14 million and forecast more falls ahesad.

At the close, they were down 44% to $0.45.

The company lifted statutory profit by 109.5% to $1.28 million but cancelled dividends in favour of investing in product.

Media intelligence revenue fell to $132.6 from $140.8 million with more shrinkage on the way.

Isentia gave 2019 revenue guidance in the low to mid $120 million, assuming copyright costs in Australia remain stable, although expectations are that these may be reduced.

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