News blog
Imaginatik
- BY: Andrew Hore |
- POSTED: 24/11/2016 |
Imaginatik says that it will report a much lower interim loss but full year loss expectations are unchanged.
The improvement will be achieved even though revenues will be lower at £1.8m, down from £2m. The first half loss is expected to be reduced by around three-quarters to £100,000.
Innovation and collaboration software supplier Imaginatik still has cash left in the bank after the most recent fundraising. Investors’ have undoubtedly been very patient with the company. There is potential to move into profit next year.
If Imaginatik can cover its cost base then additional revenues will have a significant effect on profit.
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