MIRI

Mirriad Advertising PLC

Technology First-pass screen £0.02m

350/1000 Overall fit

AI beneficiary 35% 35

Operating leverage 25% 40

Valuation 25% 25

Downside protection 15% 45

First-pass take

Declining virtual advertising company with £1m revenue, £8.3m EBITDA loss, and going concern warning. Recent distress restructuring and 40% headcount cuts signal management crisis. No AI positioning. Market pricing equity near-zero post-dilution.

Flags

loss-makinggoing-concernnet-cashcustomer-concentrationmicro-caprestructuringdistress-capital-raisedeclining-revenue