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Fitbug shares dive as it widens FY loss, mulls fund-raising

Mon, 13th Jun 2016 15:37

(ShareCast News) - Shares in online personal health and wellbeing services provider Fitbug have fallen almost a quarter after it booked an impairment-dented set of full year results and mulled a potential fund-raise.Impairment of stock totalled £0.74m, from £48,000, with write-off of software development costs at £0.57m, from nil. Revenue was £1.3m, from £2.3m, while pre-tax loss was £6.5m, from a loss of £3.8m.Fitbug reported an encouraging start to 2016 trading with first quarter sales in the Corporate Wellness sector significantly increased over like-for-like sales in first quarter 2015.The company also said it has agreed a further loan from NW1 Investments Ltd for an amount of £121,000, repayable by 31 July 2017.It is also considering a potential equity fund-raise and is in talks with NW1 and Kifin Ltd about the current debt the AIM-quoted company has with these entities."The company intends to use the funds secured today to meet short term working capital requirements while discussions with NW1 and Kifin progress," it said.At 15:35 BST, Fitbug's shares were down 22.22% to 0.52p.
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26 Mar 2014 13:40

UK MIDDAY BRIEFING: Government Completes 2nd Lloyds Bank Stake Sale

LONDON (Alliance News) - The UK government has raised a further GBP4.20 billion from its second sale of Lloyds Banking Group PLC shares, meaning it has now recouped GBP7.41 billion of the roughly GBP21 million that taxpayers injected into the bank during the financial crisis.<

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26 Mar 2014 11:30

UK WINNERS & LOSERS: Standard Life Leads FTSE 100 Risers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.

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FTSE 100 - WINNERS

Standard Life, up 5.2%. The company has agreed to buy Ignis Asset Mana

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26 Mar 2014 08:30

Fitbug Holdings Surges As It Targets Bigger Presence In Retail Market

LONDON (Alliance News) - Fitbug Holdings PLC saw its shares leap early Wednesday after it said it had agreed terms with six retail distribution partners providing coverage in the UK, France, Germany, Italy, Russia, South Africa, Southeast Asia, Australia and New Zealand. In a statement, the

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11 Feb 2014 13:31

CORRECT: UK MIDDAY BRIEFING: Stocks Gain Ahead Of Yellen Appearance

(An item published at 1325 GMT mis-spelt the Fed Chair's surname in the title. The correct version follows.) LONDON (Alliance News) - The FTSE 100 is up for a fifth consecutive day Tuesday amid a continuing global stock rally, with the London blue chip index helped by strong performances

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11 Feb 2014 13:28

UK MIDDAY BRIEFING: Stocks Gain Ahead Of Yellon Appearance

LONDON (Alliance News) - The FTSE 100 is up for a fifth consecutive day Tuesday amid a continuing global stock rally, with the London blue chip index helped by strong performances from the retailers and miners.

Retail stocks including Sports Direct International, Read more

11 Feb 2014 11:30

UK WINNERS & LOSERS: Kazakhmys Revalued As Tenge Is Devalued

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.

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FTSE 100 - WINNERS

Sports Direct International, up 4.1%, and Marks and SpencerRead more

11 Feb 2014 11:25

Fitbug Holdings Takes Out Loan As It Moves To Exploit Interest In KiK

LONDON (Alliance News) - Fitbug Holdings PLC Tuesday said it has signed a GBP1 million loan deal with NW1 Investments Ltd to support its growth plans for this year. In a statement, the online personal health company said the loan is repayable by July 31, 2014 and will accrue interest at a r

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21 Oct 2013 08:16

Fitbug Launches Wireless Activity And Sleep Tracker Fitbug Orb

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20 Sep 2013 09:27

Fitbug Loss Widens On Expansion Spending; Take US Legal Action Against Fitbit

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10 Sep 2013 08:08

Fitbug enters Australia with Woolworths contract

Fitbug Holdings has gained entry to the Australian market by agreeing to supply its digital health technology for a well-being programme at Woolworths. The online personal health service has signed a contract with Leap4Life Global of the US, which is working on Woolworths' "All Good" employee wellb

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10 Sep 2013 08:01

Fitbug Enters Australia In Deal With Leap4Life Covering Woolworths

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