Shares fell 9.64% to 37.5p before climbing back to 40p, still down 3.6% from yesterday's close of 41.5p. The group forecast "slightly lower revenues than anticipated" and said profitability remained weak.
The statement did strike a cautiously optimistic note, claiming that if a technology-led recovery should begin this year in the US, as some are predicting, then Text 100 would be in a good position to capitalise on it.
The statement said new-business leads had "increased four-fold since the darkest days of 2001".
The group said it was benefiting from reduced overheads and the closure of loss-making businesses such as Evus, which specialised in technology start-ups and closed just three years after it was born. This, along with Text 100's IBM win, would lead to a stronger second half, it predicted.
OneMonday also owns the August.One Communications and Bite PR agencies, and is headed by Tom Lewis, chairman, and Tim Dyson, CEO.
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