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  • BY: Andrew Hore |
  • POSTED: 22/01/2018 |

Neuroscience-focused digital data analysis technology developer IXICO is increasing its revenues and this is cutting the reported loss.

Four contracts worth a total of £3m have been won in recent months. These contracts cover wearable biosensor and Huntingdon’s disease.

In the year to September 2017, revenues were one-quarter higher at £4.1m and the loss fell from £2.9m to £1.9m. There was £2.4m in the bank at the end of the period. Research and development tax credits reduced the cash outflow but it was still £693,000 over the 12 months.

IXICO founder Derek Hill has left the board.

At 35.1p, the share price is near to a 12 month high. 

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