News blog
Formjet
- BY: Andrew Hore |
- POSTED: 01/10/2008 |
Formjet says trading has picked up significantly in the third quarter.
This tends to be a weaker trading period for the software company because it covers the summer period. Even so, a 51% increase in revenues in July and August is a positive outcome for the company.
Formjet has built up a number of retail channels over the past couple of years and this appears to be paying off. It has also expanded its product range.
Revenues edged up 4% to £1.75m in the six months to June 2008. The reported loss fell from £149,000 to £84,000 after a 6% reduction in costs.
Formjet raised cash to finance an acquisition which fell through at the time of due diligence. Net debt is £80,000 and Formjet hopes to generate cash in the second half.
Executive chairman Lyndon Chapman says that he is seeing more businesses being put up for sale but there has not been an increase in the quality of those businesses. He does believe he will be able to find acquisition targets which lack sales and marketing expertise and fit with Formjet’s existing software portfolio.
At 0.75p a share, Formjet is valued at £1.88m.
© 2025 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|