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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Don't have an account? Click here to register.Imaginatik's shares plummet after losses deepen and revenues fall
Tue, 11th Sep 2018 08:17
(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.For the year ended 31 March, the company's loss before tax increased by 29% to £1.4m, driven by a 6% decrease in revenues to £3.7m, a 9% rise in administrative costs to £5m and a 4% increase in cost of sales to £0.2m.Imaginatik admitted that it "did not achieve all the objectives set out in the 2017 report and accounts" but did manage to reduce its break-even point by £1m per year and has introduced new marketing methods to encourage revenue generation.At 31 March, the company had cash and cash equivalents of £61,000, down 48% from the same point the year before.Angus Forrest, chief executive of Imaginatik, said: "Imaginatik has a market leading product with many satisfied customers and employs great people who have a passion for the business. The challenge for the year ahead is to build on the strong base in the existing markets and then build out globally."For the coming year the AIM traded company intends to focus on cost reduction, which has the objective of reducing the annualised cost base by at least £0.75m, and a revenue improvement programme."Whilst we have made considerable progress, there is much to do for the company to begin to achieve its undoubted potential and we will work to exploit the opportunity profitably," said Forrest.Imaginatik's shares were down 8.82% at 7.75p at 0819 BST.
More News
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.
Read more26 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.
Read more18 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.
Read more17 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.
Read more29 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
Read more1 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
Read more21 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
Read more6 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,
Read more25 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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