22 Jul 2014 07:32
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Don't have an account? Click here to register.Imaginatik wins two new customers, secures loan
Mon, 14th Apr 2014 12:37
AIM-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 the contract wins bring the total number of new customers secured in the second half of the year to eight, compared to seven in the second half of the prior year. Executive Chairman Matt Cooper said it had resulted in "a strong end" to the financial year. He added: "Imaginatik has closed the year with good momentum, a sales pipeline that is significantly larger than that of the prior year and an increased level of deferred revenue to be recognised in future periods."The contract wins have meant that the company's total bookings for the year ended March 31st are expected to show a solid increase, approximately £3.4m compared to £2.8m in the previous year. Recognised revenue for the year is expected to be broadly flat compared to the prior year at approximately £2.9m, with an increased loss of approximately £1.45m (2013: £1.15m) due to the increased investment in sales and consultancy personnel. Deferred revenue is expected to have increased to approximately £2.9m (2013: £2.4m). The group also said that its strengthed sales team would have a positive impact in the current financial year and beyond.Imaginatik said that in order to fund its current working capital requirements Cooper had loaned it £0.07m, and agreed to loan up to a further £0.1m on an interest free basis with no fixed-term. "The directors are aware of the ongoing requirement for sufficient working capital and are currently in discussions with institutional and other investors regarding the future funding arrangements of the company," a statement from the company read. At the year-end its cash balance totalled £0.05m (2013: £0.136m). NR
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 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. |