Gloo Networks posts an after-tax loss of £1.8m for the six months to the end of September - up from £1.6m last time.
Administrative expenses increased to £1,824,935 from £1,659,762 and the group received interest of £24,800 compared with £51,178 a year ago.
The group held a cash balance of £21,353,795 - down from £25,696,311 a year ago.
Chief executive Rebecca Miskin said: 'We have made good progress over recent months with a shortlist of acquisition opportunities in highly attractive verticals, and look forward to discussing with shareholders at the appropriate time.'
At 8:01am: (LON:GLOO) Gloo Networks Plc share price was 0p at 96.5p