News blog


  • BY: Andrew Hore |
  • POSTED: 29/08/2008 |

Adwalker is growing its revenues but not fast enough to make much of a dent in its loss.

Revenues grew 11% to €1.77m in the year to February 2008. Cost savings and higher gross margins from leasing the company’s wearable screens helped reduce the loss from €3.19m to €2.43m. Adwalker had net cash of €118,000 at the end of February.

Adwalker is trading within its banking facilities but it needs to significantly increase revenues or it will have to consider another fund raising.

Bookings and commitments are nearly 14% higher in the six months to August 2008. Gross margins are also higher but this won’t be enough to break even.

Adwalker’s wearable screen systems can be used to promote and advertise products. A UK patent has been granted and lasts until September 2024.

At 0.5p a share, Adwalker is valued at £1.32m.

© 2019 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 16 September 2019

Continue reading... | 16/09/2019

Best of the Best

Online competitions organiser Best of the Best has continued its positive momentum. 

Continue reading... | 16/09/2019

Quoted Micro 2 September 2019

Continue reading... | 02/09/2019


Tekcapital reported a 27% increase in net assets to $20.5m at the end of May 2019. 

Continue reading... | 01/09/2019

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds