Scheduling and operations management software provider ServicePower Technologies says that it lost £1.8m in 2012.
That loss includes £500,000 of foreign exchange losses. Revenues are estimated at £11.1m, down from £13.3m in 2011. Contracts have been delayed but they should fall into this year. ServicePower hopes to sign more than £1m worth of contracts by the end of January.
Net cash at the end of 2012 was £4.5m, which is an improvement on the figure in June.
At 4.38p a share, down 1.12p, ServicePower is valued at £8.28m.
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