LONDON (Alliance News) - Analytics firm Actual Experience PLC Wednesday posted a widened pretax loss for its recently ended financial year as a result of costs relating to its listing on AIM last February.
Actual Experience posted a pretax loss of GBP1.6 million for the year to end-September, widened from a loss of GBP784,794 a year before, as revenue rose to GBP567,468 from GBP444,571, mostly as a result of higher administrative expenses and GBP450,488 in expenses related to its flotation on AIM.
The company said it had raised "sufficient capital" to scale its business in its listing, and during its second half focused on investing this into its people, processes, technology development and market activities. Its analysis of 'Digital Britain' was recently included in regulator Ofcom's recent triennial state-of-the-nation report.
Actual Experience won a third contract with Ofcom on Tuesday, which it said represents its largest-ever order. The company did not provide any financial details on the Ofcom contract.
"We hope to bring significant news of customer adoption by major businesses in 2015, such as the recently announced Ofcom order, which will help us accelerate into this vast market," said Chief Executive Officer David Page in a statement.
Shares in Actual Experience are untraded Wednesday. It last traded at 172.50 pence Wednesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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