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Imaginatik wins contracts but losses continue

Tue, 01st Mar 2011 10:41

AIM-quoted Imaginatik says that it expects to report lower revenues and a higher loss in the year to March 2011. It has been a year of turmoil for the collaborative software company, which ousted chief executive Mark Turrell last year. He requisitioned a general meeting but lost the votes and initially sent notice of another requisition but subsequently withdrew it. Turrell remains a major shareholder. Imaginatik lost £1.42m in the six months to September 2010, which is almost as much as in the previous year. The interim revenues fell from £2.27m to £1.48m. last year's full year revenues were £4.55m. Imaginatik needs to stem the cash outflow and new contracts are a good start. Chemical company Yara International has signed an annual licence and two Innovation-as-a-Service contracts have been secured. The latter contracts are part of a shift to an outsourced services model. Executive chairman Matt Cooper recently subscribed for 3m shares at 1.5p each, taking his stake to 8.3%. That cash won't last for long if the outflow continues to be significant.
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3 Dec 2018 12:49

Imaginatik wins 'significant' contract with new customer

(Sharecast News) - Imaginatik said on Monday that it has won a "significant" contract with a new customer - a global chemical conglomerate - worth $142,000 a year.

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19 Nov 2018 10:40

Imaginatik slashes costs but losses persist

(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.

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26 Oct 2018 12:44

Eight Capital Partners pours £0.25m into Imaginatik

(Sharecast News) - Technology-focussed investment vehicle Eight Capital Partners announced an investment of £0.25m into Imaginatik on Friday.

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18 Oct 2018 09:25

Imaginatik secures over $1.5m in renewals and new business.

(Sharecast News) - Imaginatik has secured more than $1.5m worth of orders since the start of September and is close to appointing a nominated adviser to allow trading in its shares to resume.

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17 Sep 2018 10:27

Imaginatik confirms further delay with equity investment

(Sharecast News) - Corporate innovation management provider Imaginatik updated the market on its potential equity investment on Monday, confirming that the investor was still in discussions to make a controlling equity investment in the company.

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11 Sep 2018 08:17

Imaginatik's shares plummet after losses deepen and revenues fall

(Sharecast News) - Management software provider Imaginatik saw its shares dip on Tuesday after reporting steeper annual losses as revenues fell and the company failed to complete its objectives for the year.

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29 May 2018 11:07

Imaginatik Confirms Funding Search To Help Sale Process

LONDON (Alliance News) - Management consultancy and software firm Imaginatik PLC on Tuesday confirmed it is on the look-out for short-term funding to progress its ongoing sale process.At of

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1 May 2018 10:10

Imaginatik May Seek Funding Ahead Of Sale As Revenue To Decline

LONDON (Alliance News) - Imaginatik PLC on Tuesday said it may look for additional funding to tide the company over while it seeks to sell itself, as annual revenue is expected to fall despite a a

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21 Mar 2018 12:06

Imaginatik In Talks With Possible Buyers, Hopes To Conclude By May

LONDON (Alliance News) - Management software and services company Imaginatik PLC said on Wednesday it is in talks with a number of possible buyers of the company, almost two a

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6 Dec 2016 08:16

Imaginatik narrows losses and holds revenue steady

(ShareCast News) - Imaginatik posted its unaudited results for the six months to 30 September on Tuesday, with a reduced loss after tax of £0.26m, compared to £0.41m, despite the impact of adverse currency movements. The AIM-traded company reported recognised revenue holding almost steady at £1.84m,

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24 Jun 2016 06:56

Imaginatik Raises Further GBP9,000 In Open Offer, Placing (ALLISS)

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25 May 2016 17:18

Imaginatik proposes fundraising to strengthen balance sheet

(ShareCast News) - Imaginatik shares fell on Wednesday after the software company proposed a £2.1m fundraising to boost its balance sheet. The group will raise the funds by placing 63,263,520 new ordinary shares worth £1.6m and an open offer of up to 21,277,896 new ordinary shares worth £0.53m. The

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25 May 2016 09:50

WINNERS & LOSERS SUMMARY: Sweett Group Soars On Canadian Takeover

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25 May 2016 08:19

Imaginatik To Raise GBP2.1 Million To Boost Finances, Back Growth (ALLISS)

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17 May 2016 11:40

UPDATE: Imaginatik Plummets On Plans For Discounted Fundraising (ALLISS)

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