Shares digital

ViaLogy (VIY:AIM) – Interims PTP: -£2.19m (-£0.42m) Divi: n/a (n/a)

Interim sales of £22,567 are far from eye-catching but the sensor and signal processing software expert plans fresh moves to commercialise its cutting-edge products and boost revenues.

ViaLogy's quantum mathematics-based products enable users to detect weak signals buried by background noise, and the California-based firm saw the launch of its first-ever commercial product, the Sensor Policy Manager (SPM), in September. Spring should see the launch of the MicroSPM, with the MPEXElectronicEye, developed with Boeing (BA:NYSE), expected to follow.

In addition to an upfront licence fee, ViaLogy will book a royalty for each unit sold featuring its installed software. Last June's £4.4 million fundraising at 8p should help the firm fund further start-up losses as it shifts from development work to production.

The shares held firm at 6.13p, well below their 14.75p 12-month high.

Shares says: A lot of good news is already priced in.

by: Russ Mould