DeepMatter Group PLC - Glasgow, Scotland-based digital chemistry data company - Posts widened loss as research & development and sales cost widen. Pretax loss in the half-year that ended June 30 increases to GBP1.9 million from GBP1.5 million a year prior. Revenue grows to GBP678,000 from GBP649,000. Research & development costs increase to GBP1.1 million from GBP856,000. "The group continued to invest in enhancing products and people to support our revenue growth in the second half-year. We made good progress along development roadmaps, focusing on the commercial appeal of products," DeepMatter explains. Administrative costs grow to GBP1.2 million from GBP1.0 million.
Looking forward, company says: "DeepMatter will continue resourcing its research & development delivery to strengthen the offering, as well as maintaining tight control on costs."
Current stock price: 0.11 pence
12-month change: down 92%
By Tom Budszus; tombudszus@alliancenews.com
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