22 Jul 2014 07:32
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Imaginatik Share News (IMTK)
IMTK Share
Price
IMTK Share
News
IMTK Share
Chat
IMTK Share
Trades
IMTK
Live RNS
IMTK Share
Charts
IMTK Broker
Ratings
IMTK Directors
Deals
IMTK Financial
Diary
IMTK
Fundamentals
IMTK Short
Positions
IMTK
Media
Imaginatik Information
- There is currently no data for IMTK
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Imaginatik slashes costs but losses persist
Mon, 19th Nov 2018 10:40
(Sharecast News) - Losses widened at Imaginatik in a challenging half-year as new business slowed down in the wake of the innovation consultant's strategic review.Losses before tax grew 4% to £595,000 as revenues slumped 18% to £1.42m during a period when Imaginatik secured four new customers but gross bookings fell 64.9% to £600,000 as a result of both the timing of the strategic review and of several renewals.New chief executive Angus Forrest's cost-cutting campaign has helped lead to annual savings of £890,000 but cash and equivalents plummeted to £14,000 from the £326,000 reported a year earlier, despite two equity fundraisings during the half, namely a debt for equity swap and an exercise of warrants generating £0.60m gross of expenses, plus a loan facility of £0.50m was secured.Post-period-end cash flows improved because of the closure of renewals, new sales and the net proceeds from a £0.5m equity placing.Chairman Simon Charles, said: "It has been a very difficult period since the announcement of the strategic review at the beginning of 2018, as that created uncertainty in the market about the company's position."Forrest for his part was continuing to "align costs to revenue", cutting roughly £1.2m of overhead, with a net annual cost saving of £0.89m when taking into account the replacement costs required.Several new product developments were launched in the period, including a new mobile experience, with new product features being developed to take advantage of advances in artificial intelligence and machine learning, which Forrest hopes may lead to development of new revenue streams.During the half-year, Imaginatik was approached by "several individuals and companies proposing a range of interesting product development initiatives, some of these are being progressed and could lead to interesting developments for the company", Forrest said, with possible joint ventures being eyed.On the outlook, Forrest said the company was moving closer to a break-even position but added: "We must not be complacent as there remains a great deal more to be done to turn the business around, but we have confidence that this can be achieved."As of 1040 GMT, Imaginatik shares had surged 20% to 1.50p.
More News
1 Jul 2014 11:32
1 Jul 2014 08:38
Imaginatik losses widen
Losses widened at AIM-listed management software group Imaginatik but with good customer retention and a solid increase in the sales pipeline over the past year it remains confident for future trading. It posted a loss after tax of £1.47m for the year from a £1.14m loss a year earlier. The group's
Read more12 May 2014 16:32
DIRECTOR DEALINGS: Imaginatik Directors Exercise Options
LONDON (Alliance News) - Imaginatik PLC Monday said Chairman Matt Cooper and Chief Financial Officer Shawn Taylor exercised options at a price of 0.0625 pence per share.
Details are as follows.
| Read more 25 Apr 2014 10:25 Imaginatik Raises GBP1.3 Million In Share Placing, Seeks CEOLONDON (Alliance News) - Imaginatik PLC said Friday that it had conditionally raised GBP1.3 million before expenses through the placing of 1.9 billion shares at 0.07 pence each to fund its development, including more marketing activities and the hiring of a full-time chief executive officer. < Read more25 Apr 2014 07:29 UK MORNING BRIEFING: William Hill Leads Weak FTSE 100LONDON (Alliance News) - UK shares have opened lower Friday on heightened concerns about the standoff in Ukraine. 14 Apr 2014 12:37 Imaginatik wins two new customers, secures loanAIM-listed Imaginatik has scored two further multi-year contracts with new customers, increasing its revenue visibility. The business services provider said one of the new customers is one of the most highly rated US mutual insurance companies and the other is a major European airline. It said th Read more14 Apr 2014 11:40 UK MIDDAY BRIEFING: Aviva Sells Stake In South Korean VentureLONDON (Alliance News) - Aviva has Monday agreed to sell its 47% stake in its South Korean joint venture Woori Aviva Life Insurance to NongHyup Financial Group, as it continues to contract in the region and focus on markets where it can make the best returns on capital. 14 Apr 2014 10:17 UK WINNERS & LOSERS: Defence Stocks Jump As Ukraine Tensions RiseLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday. ------- FTSE 100 - WINNERS ------- Reckitt Benckiser, up 2.3%. Shares in the firm have been on a down trend over the past two weeks, but ahead of Read more14 Apr 2014 08:21 Imaginatik Expects To Post Widened Loss On Headcount InvestmentLONDON (Alliance News) - Imaginatik PLC said Monday that it expects to post a widened loss for the year to end-March, after it increased investment in sales and consultancy personnel and recognised revenue was broadly flat on the previous year. The software and consulting services company e Read more18 Mar 2014 11:39 Imaginatik Signs New Contracts, Expands Services With Existing CustomersLONDON (Alliance News) - Imaginatik PLC Tuesday said that it had signed five new customers for a mixture of consultancy and technology based contracts since the start of the calender year. Additionally, Imaginatik said that three of its existing blue chip customers had taken up additional s Read more18 Mar 2014 09:02 Imaginatik wins five new customersAIM-listed Imaginatik, which describes itself as an 'innovation provider', on Tuesday revealed it has signed deals with five new customers for a mix of consultancy and technology based contracts. The customers include a leading global technology company, a US University, a global pharmaceutical bu Read more28 Feb 2014 13:01 DIRECTOR DEALINGS: Imaginatik Non-Executive Buys 12 Million SharesLONDON (Alliance News) - Imaginatik PLC Friday said Non-Executive Director David Gammon and his family bought 12 million shares at a price of 0.08 pence per share, and he is now beneficially interested in 140.4 million shares representing 4.52% of the share capital Thursday. Shares in the t Read more26 Feb 2014 14:09 DIRECTOR DEALINGS: Imaginatik Non-Executive Buys 5 Million SharesLONDON (Alliance News) - Imaginatik PLC Wednesday said Non-Executive Director David Gammon and his family bought five million shares at a price of 0.075 pence per share. Following this transaction, Gammon now beneficially interested in 128.4 million shares representing 4.1% of the share cap Read moreLogin to your accountDon't have an account? Click here to register.Quickpicks are a member only featureLogin to your accountDon't have an account? Click here to register. |