Source - Alliance News

The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Angle PLC - Surrey, England-based medical diagnostics company - Pretax loss in the first half of 2022 widens to £10.5 million from £8.7 million, due to ‘a planned investment.’ Revenue rises to £419,000 from £296,000, ‘driven by research use sales of the Parsortix system along with an initial contribution from the pharma services business, including both clinical trial services and bespoke assay development.’ Expects its first FDA clearance to ‘positively impact all areas’ of its business going forward.

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Bango PLC - Cambridge-based mobile commerce company - Pretax loss widens to $1.2 million in the first half of 2022 from $617,000 a year before. Administrative expenses rise to $10.4 million from $9.2 million. Revenue grows to $10.8 million versus $9.9 million. Attributes this to its ‘virtuous circle strategy’ and investment in research and development, which continues to generate strong growth. Believes it is well positioned to continue taking market share.

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XLMedia PLC - Henley-on-Thames-based digital publisher - Pretax loss widens to $1.7 million in the first half of 2022 from $439,000 a year ago. Sales and marketing costs jump to $16.2 million from $7.3 million. Revenue rises 48% to $44.5 million from $32.2 million. Attributes this to new partnerships throughout the period. Expects full-year adjusted earnings before interest, tax, depreciation, and amortization is broadly in line with the prior year, returning to growth in 2023.

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Maintel Holdings PLC - London-based cloud and managed service specialist - Pretax loss in the six months to June 30 dives to £575,000 from a profit of £3.8 million a year before. Revenue falls 13% to £46.7 million from £53.5 million. Blames this on hardware supply-chain problems that significantly hurt revenue. Notes that supply chains are not expected to normalise until the second quarter of 2023. Remains confident that it will return to organic growth as global supply chains normalise.

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Synairgen PLC - Southampton, England-based drug discovery and biotechnology company - Pretax loss for the half-year to June 30 shrinks to £14.0 million from £38.9 million, as research and development expenditure falls to £11.1 million from £36.9 million. Explains that expenditure on the phase 3 Sprinter trial and manufacturing activities reduced.

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Armadale Capital PLC - London-based Africa-focused natural resource projects investor - Pretax loss in the first half of 2022 widens to £152,000 from £27,000 a year before. Records an unrepeated gain of £139,000 in the prior period.

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Arc Minerals Ltd - base metals exploration company focused in Africa - Pretax loss in the first half widens to £8.5 million from £3.6 million a year before. Attributes this to an expense of £6.8 million, due to the Zamsort/Handa restructuring, after transferring Zamsort assets and liabilities to Handa Resources Ltd.

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Orosur Mining Inc - Toronto-based mineral exploration & development company focused on South America - Net loss for continued operations in the year to May 31 narrows to $1.4 million from $1.7 million a year before. Gain on fair value of warrants increases to $1.6 million from $627,000. ‘The handing over of operational control at Anza in late 2021, and a strong balance sheet, have freed up our skilled South American team to examine investment in new projects. The addition of our Ariquemes tin project in Brazil, and of the El Pantano gold/silver project in Argentina have transformed the company into a well-balanced minerals exploration company,’ Executive Louis Castro comments.

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VPC Specialty Lending Investments PLC - invests in asset-backed loans to businesses originated by non-bank lenders - Net asset value as at June 30 falls to 105.51 pence from 114.14p as at December 31. Share price on the same date falls to 83.40p from 92.20p as at December 31. Delivers a total return of negative 4.1%. Blames this on an unpredictable and volatile macroeconomic environment. Declares quarterly dividends totalling 4.00 pence per share. Remains in a period of heightened uncertainty, with inflation still at ‘worryingly high levels’.

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Crossword Cybersecurity PLC - Richmond, England-based cybersecurity solutions company - Pretax loss in the first half of 2022 widens to £2.3 million from £1.5 million a year before. Administrative expenses grow to £2.1 million from £1.5 million. Revenue grows 85% to £1.5 million versus £824,923. Attributes this to the integration of three companies with strong underlying Software as a service and services recurring revenue. Projects revenue growth of roughly 75% to £4 million in 2022, driven by organic growth and already completed acquisitions.

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