Imaginatik Share News (IMTK)

Software firm Imaginatik fell back after it predicted a half-year loss following a slow start to the new financial year."As with last year, the new financial year has started slowly with prospective clients continuing to be cautious in their commitment to spend," chairman Howard Marshall said in his AGM statement.A big chunk of the company's revenue will come in the second half of the year, as expected, resulting in a loss for the six months to 30 September 2009."Despite the difficult market conditions and economic uncertainties, we still anticipate another year of revenue growth for the company and continue to remain optimistic in our sales pipeline which is developing well as a result of our increased focus on marketing the company and our software and services offering," said Marshall.Last month, the group said it narrowed its loss for the year ended 31 March 2009 to £102,000 from a £139,674 deficit a year earlier. Revenue rose to £4.6m from £3.2m.