SerVision has reported that, for the year ended 31 December 2016, the Company made a net loss of $3,050,000, compared to a net loss of $2,572,000 for the previous year.
Annual revenue for the year was $2,145,000, slightly lower than last year where revenue was £2,154,000.
The Company's Chairman and CEO, Gidon Tahan, said:
"Though the Group experienced disappointing results in 2016, and an increased loss, I am pleased to report that some new strategic partnerships in the transportation sector, coupled with many important enhancements to the IVG platform achieved during this period, have created many new commercial opportunities going forward."
At 1:52pm: (LON:SEV) Servision PLC share price was -0.63p at 2.63p