The following is a round-up of trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Insig AI PLC - London-based data science and machine learning company - Pretax loss in the six months that ended September 30 widens to £2.8 million from a loss of £844,194 a year before. Revenue grows 6.5% to £953,563 from £895,750 the prior-year. Operating loss widens to £2.6 million from £458,320 after charging depreciation and amortisation of £1.4 million. Chief Executive Colm McVeig says: ‘Despite an increasingly difficult macroeconomic backdrop and with us taking a cautious approach, we anticipate growing revenues throughout 2023.’
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Feedback PLC - London-based medical imaging software company - Says trading in the six months to November 30 was in line with board and market expectations. Revenue for the period is expected to multiply to £600,000 from £200,000 a year before. Cash and cash equivalents are expected to drop by 19% to £9.2 million from £11.4 million the prior-year. Company says it continues to discuss contracts with potential partners across NHS Trusts and Community Diagnostic Centres, and is working on pilot programmes in India. Feedback remains confident in continued growth for the remainder of the financial year.
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The Income & Growth VCT PLC - London-based venture capital trust - Net asset value total return in the year ended September 30 falls by 8.7%, compared to a gain of 51% a year before. Says this comprised of unrealised falls in the value of investments still held, tempered by the successful exits from Media Business Insight and Vian Marketing Ltd. NAV per share was down to 83.73 pence at September 30, from 100.45p a year ago. Declares two interim dividends of 4.00p per share, totalling 8.00p. Dividends received in the year were up to £1.2 million from £690,000 the prior-year.
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Thruvision Group PLC - Abingdon, England-based people-screening technology firm - Pretax loss in the six months that ended September 30 narrows to £1.9 million from a loss of £2.0 million a year before. Revenue jumps 41% to £2.8 million from £2.0 million the prior-year. Profit Protection product revenue was unchanged at £1.0 million. Chief Executive Colin Evans says: ‘With our unique offering and the traction we have gained in our two core markets, Customs and Profit Protection, we expect to deliver strong growth and achieve our objective of breaking even this financial year.’
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