Pri0r1ty Intelligence Group - revenues multiplyingToday 08:40
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Pri0r1ty Intelligence Group delivered headline revenue of £359,580 for the six months to 31 March 2026, a near-tenfold uplift on the £37,000 booked in the comparable period, as the AIM-listed AI services group scaled its three-division model spanning Halfspace, Pri0r1ty SaaS and Metr1c. Paying platform users passed 200, with media and marketing services contributing £248,279 of the half's revenue and technology and data services adding £64,801, evidence that the Halfspace acquisition is reshaping the revenue mix. Operating losses were broadly stable at £900,531 versus £860,267, with gross profit of £217,412 reflecting cost of sales of £142,168 newly introduced via the acquired business. Loss per share narrowed to 0.48p from 1.51p on a larger share count of 179.2 million. The balance sheet is the obvious pressure point: cash fell to £47,606 from £796,360 at year-end, with current liabilities of £1.63m including £846,154 of contingent consideration. Management has since shored up liquidity through a £1.25m convertible loan note with Yorkville Advisors and an at-the-market facility via Global Investment Strategy, alongside 19.6 million new shares issued in June to satisfy Halfspace deferred consideration and adviser fees. New contract wins with World Aquatics, Untamd and The Property Buying Company, plus the SportTower.ai partnership with the Sport & Recreation Alliance, support the FY27 target of 500-plus paying users and cash flow positivity, though dilution risk and burn rate remain front of mind.
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