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Share Price Information for Insig Ai Plc (INSG)
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Intraday Insig Ai Plc Share Chart
IN BRIEF: Insig AI interim loss narrows as costs decrease
Insig AI PLC - London-based data science and machine learning firm - Interim loss narrows 36% to GBP1.8 million in the six months to September 30, from GBP2.8 million a year prior. Revenue declines 7.5% to GBP882,478 from GBP953,563. Administrative expenses decrease 33% to GBP2.2 million to GBP3.2 million. Looking ahead, Insig AI says: "Based on our expectations for new business wins in the coming quarter and beyond, we believe that the business has sufficient working capital. However, the board would consider an injection of equity should a potential partner wish to take a strategic equity stake to fast track growth. The board's view is that should this occur, pricing should reflect the value of the company's repository of corporate disclosures and its machine learning and data science expertise."
Current stock price: 16.00 pence, down 1.5% on Wednesday afternoon
12-month change: down 3.0%
By Tom Budszus, Alliance News slot editor
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Latest INSG News
- TRADING UPDATES: Northcoders launches bootcamp; Schroder invests
4 Apr 2024 - TRADING UPDATES: Insig AI eyes revenue fall; Phoenix Digital sound
2 Apr 2024 - London close: Stocks slip as US jobless claims top expectations
28 Dec 2023 - London midday: Stocks reverse gains to turn lower at lunchtime
28 Dec 2023 - London open: Stocks start the day in positive territory
28 Dec 2023 - Insig AI gets listing on UN climate tool dashboard
28 Dec 2023 - TRADING UPDATES: Synthomer trading consistent with expectations
15 Nov 2023
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