Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - On Thursday, corrects loss reported in trading statement for the six months that ended December 31 that was issued on January 19 . Loss before interest, tax, depreciation and amortisation narrows by 38% to £789,000 from £1.3 million and compared to previously reported £721,000. Revenue in the six months to December 31 jumps 50% to £945,000 from £629,000 a year prior. The revenue figure isn’t revised on Thursday. Expects a satisfactory cash position for financial year 2023, which ends on June 30. Chair Ian Buddery says: ‘We are pleased by the market’s recognition of our technology advantages and confident we will add new contracts as 2023 progresses.’ Cordel aims to release its full half-year report in early February.

Current stock price: 5.90 pence

12-month change: down 48%

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