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SimiGon Ltd

  • BY: Andrew Hore |
  • POSTED: 14/02/2019 |

SimiGon Ltd says that it reduced last year’s underlying loss from $890,000 to $740,000 and there should be a further improvement this year. 

The simulation services supplier increased revenues by 15% to $5m. The loss includes a $450,000 provision for a delayed payment.

SimiGon has won business from a European customer that will generate $900,000 over three years.

SimiGon has licence revenues spread over up to 12 years. That has held back short-term revenues but provides longer-term visibility.

The share price has fallen to a three year low of 12p. 

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