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Nasstar

  • BY: Andrew Hore |
  • POSTED: 17/11/2008 |

Nasstar grew its full year revenues by 75% to £2.1m.

The provider of desktop software over the internet grew its revenues even faster in the first half but the second growth rate was still more than 50%.

Nasstar reduced its loss from £493,000 to £129,000 in the year to September 2008. Net debt is £240,000.

The Software as a Service model of Nasstar’s hosted desktop product is attractive these days when capital expenditure is cut back. Nasstar has won a four year contract with Allied Healthcare and a three year contract with Pinnacle Staffing. These two contracts add a further 960 hosted desktop users.

The shares rose 2p to 25.5p each, which values Nasstar at £4.1m.

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