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Pin to quick picksDg Innovate Share News (DGI)

Share Price Information for Dg Innovate (DGI)

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Share Price: 0.1025
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EARNINGS UPDATES: Live Co achieves surge in interim revenue

Fri, 30th Sep 2022 14:46

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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DG Innovate PLC - Bingley-England based storage battery manufacturer - Says grant income in the six months ended on June 30 falls to GBP344,831, from GBP675,816 a year ago. Pretax loss widens to GBP6.2 million from just GBP201,156, as administrative expenses jump to GBP1.2 million from GBP777,670 a year ago. "The first half of 2022 was transformational for the company, as we completed the reverse takeover of DGI to become DG Innovate PLC", Chair Nick Tulloch says. Looking ahead, it seeks to commercialise a suite of electric mobility and storage tech.

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Live Co Group PLC - UK-based live events and entertainment company - Posts a surge in revenue to GBP2.6 million for the six months ended on June 30, from GBP622,000 a year ago, as pretax loss narrows to GBP1.4 million from GBP2.1 million. Cost of sales increase to GBP1.7 million from GBP1.4 million a year earlier. Looking ahead, says it remains "cautiously optimistic" for 2023, citing increased demand for live events.

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NetScientific PLC - London-based life sciences and sustainability technology investment firm - Reports a fall in revenue to GBP391,000 for the six months ended June 30, from GBP407,000 a year ago. Pretax loss widens to GBP1.7 million from GBP1.5 million. Selling and administrative costs amount to GBP1.4 million, up from GBP1.2 million ago, mainly due to "increased headcount in the subsidiaries and at head office, and increased spending in drives towards commercialisation and eventual liquidity events".

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TechFinancials Inc - invests in early-stage technology companies - Posts no revenue for the six months ended on June 30. Pretax loss widens to USD163,000 from USD92,000 a year ago as financing expenses swing to a loss of USD89,000 from a profit of USD41,000.

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Apollon Formularies PLC - London-based medical cannabis pharmaceutical firm - Posts revenue of GBP165,053 in the six months ended on June 30, compared to none a year ago. Pretax loss narrows to GBP212,436 from GBP1.7 million, despite administrative expenses rising to GBP535,889 from GBP335,425 a year ago. No finance costs have incurred this year, compared to GBP3,799 last year.

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By Xindi Wei; xindiwei@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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28 Mar 2024 14:28

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7 Feb 2024 15:17

IN BRIEF: DG Innovate acquires "transformative" new equipment

DG Innovate PLC - Caerphilly, Wales-based electric mobility and energy storage company - Announces "transformative" acquisition of new equipment to improve operations across business lines. Purchase includes jet mill and furnace to enhance development of energy storage products, as well as a motor pilot production line and 3D manufacturing simulation software. Says the latter will move it closer to achieving at-scale manufacturing of its Pareta electric drive system, "increasing current production from just a handful of devices per year to around 1,000." Long-term, it will enable DGI to employ "the most efficient production configuration" as it further scales up production.

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29 Jan 2024 11:55

DG Innovate celebrates development deal for Pareta drive system

(Alliance News) - DG Innovate PLC on Monday said that it has signed a joint development agreement to develop systems for heavy goods vehicles applications.

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18 Jan 2024 18:26

TRADING UPDATES: Patent boosts for DG Innovate and Arecor Therapeutics

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8 Jan 2024 09:43

DG Innovate completes first phase of project for marine use of Pareta

(Alliance News) - DG Innovate PLC on Monday said it completed the first phase of its project to use its Pareta e-drive in marine applications.

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11 Dec 2023 11:57

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(Alliance News) - Stock prices in London were on the decline heading into Monday afternoon, with enthusiasm at a minimum ahead of an eventful week with central bank decisions on the horizon.

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28 Sep 2023 14:41

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19 Jul 2023 17:06

IN BRIEF: DG Innovate gets reorganisation, fundraising approval

DG Innovate PLC - Bradford, England-based electric mobility and energy storage company - Receives shareholder approval for placing and capital reorganisation. In June the company said it had raised GBP517,000 through a placing. In terms of the capital reorganisation, the company's shares will be subdivided into one new share of 0.01 pence each and one deferred share of 0.09 pence each.

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12 Jul 2023 15:56

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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22 Jun 2023 16:03

IN BRIEF: DG Innovate completes placing, floats capital sub-division

DG Innovate PLC - Bradford, England-based electric mobility and energy storage company - Conditionally raises GBP517,000 through the issue of 1.03 billion new shares at 0.05 pence per share. Appoints Peterhouse Capital Ltd as joint broker. Proceeds will primarily fund DG Innovate's ongoing commercialisation strategy for its Enhanced Drive and Enhanced Battery technology. Placing is subject to the passing of capital reorganisation resolutions at the upcoming annual general meeting. Company proposes to subdivide each existing share into one ordinary share of 0.01p each and one deferred share of 0.09p each. DG Innovate says this would create a differential between the shares' nominal value and market price, to facilitate future share issues.

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