(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Chesterfield Resources PLC - mineral exploration company with projects in Cyprus and Canada - In the six months ended June 30, reports a widened loss of GBP491,607. The previous year its loss totalled GBP433,538. Posts revenue of GBP45,132, up from nil the prior year. Total assets at June 30 amount to GBP6.5 million, up from GBP6.1 million at December 31. Says it is "comfortable" with its immediate cash position but is mindful of "difficult" capital market conditions. Begins programme to cut ongoing running and board costs by 50%.
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ValiRx PLC - life science company focused on clinical stage cancer therapeutic development and women's health - In the six months ended June 30, widens its pretax loss to GBP1.1 million from GBP785,434 the previous year. Research & development costs increase to GBP200,531 from GBP166,500 year-on-year. Company says it has sufficient funding to continue building its development pipeline and to continue exploring options to create a translational contract research organisation, with a view to adding further revenue streams.
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Windward Ltd - maritime predictive intelligence firm - In the six months ended June 30, reports a widened loss of USD9.9 million against a loss of USD4.0 million the previous year. Revenue climbs to USD10.9 million from USD8.1 million. Operating expenses, however, surge to USD14.3 million from USD9.8 million a year prior. Annual contract value grows 23% year-on-year to USD22.5 million from USD18.4 million as a result of new customer wins and upselling to existing customers. Notes positive trading has continued into the second half of 2022, with demand for data-driven analysis and solutions across the maritime ecosystem "stronger than ever." Chief Executive Ami Daniel says the firm's outlook remains positive.
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Dev Clever Holdings PLC - developer of career guidance, learning and development platforms - In the six months ended April 30, reports a significantly widened pretax loss of GBP3.9 million from a loss of GBP297,053 the previous year. Revenue rises to GBP3.3 million from GBP2.4 million, while cost of sales rises sharply to GBP2.3 million from GBP834,415 the previous year. Company also announces the completion of the purchases of Veative Labs Private Ltd and the residual intellectual property from Veative Pte Ltd Singapore. Adds the merger of the businesses means the group is now singularly focused on growth acceleration. Says focus moving forward is on user acquisition through the roll-out of its lauchmycareer.com platform.
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Zenova Group PLC - provider of fire safety and heat management technology and products - In the six months ended May 31, widens its pretax loss to GBP1.0 million from GBP217,000 the previous year. Says the loss was driven by spending on product development, testing, and marketing. Posts revenue of GBP75,000 compared to nil a year prior as a result of international sales contracts. Chief Executive Tony Crawley says the company is well funded and has "rigorous" cost controls in place to manage the expansion of the business.
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By Heather Rydings; heatherrydings@alliancenews.com
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