Mobile Tornado in Harrogate announces Canadian customer won't renew contract

Technology company Mobile Tornado has received notice from its customer in Canada that it will not be renewing its contract with the Harrogate-based firm, effective from December 31, 2021.

Mobile Tornado can turn mobile phones into walkie-talkies.

Mobile Tornado said it remained in discussions with the customer about the possibility of extending or amending the contract, "however there can be no guarantee that this will be successful".

The Harrogate-based business has experienced some churn in the number of licenses from this customer, as reported in Mobile Tornado's half yearly report, announced on September 29, 2021.

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Together with those contracted professional services and support revenues, the customer will account for approximately £500,0000 of group revenue for the financial year 2021.

The cancellation of this contract will not impact the Mobile Tornado's results for the year ending December 31, 2021.


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James Mitchinson