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Insig Ai Plc Share News (INSG)
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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
- Insig AI launches index to make corporate reporting more transparent
30 Oct 2023 - Insig AI discussing partnerships with several parties
15 Sep 2023 - Insig AI loss widens on impairment costs; revenue rises
14 Aug 2023 - IN BRIEF: Insig AI agrees revised terms for convertible loan agreement
4 Jul 2023 - TRADING UPDATES: acccesso buys firm, Card Factory ups outlook
24 Apr 2023 - IN BRIEF: Insig AI shares up on new AI integration capabilities
6 Feb 2023 - IN BRIEF: Insig AI draws down GBP290,000 from chair's loan facility
9 Jan 2023 - TRADING UPDATE: Insig AI pretax loss widens; Feedback revenue to jump
19 Dec 2022
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Insig Ai Plc News
Insig AI launches index to make corporate reporting more transparent
(Alliance News) - Insig AI PLC on Monday launched its Transparency and Disclosure Index, designed to give investors a better sense of how effectively ...
Insig AI discussing partnerships with several parties
(Sharecast News) - Insig AI said in an update on Friday that it had continued to progress discussions with several parties in recent weeks in a bid to...
Insig AI loss widens on impairment costs; revenue rises
(Alliance News) - Insig AI PLC on Monday said its full-year revenue rose but its loss widened on an impairment charge.
IN BRIEF: Insig AI agrees revised terms for convertible loan agreement
Insig AI PLC - London-based data science and machine learning - Says that it has agreed to revised terms with Richard Bernstein, the convertible loan ...
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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
IN BRIEF: Insig AI shares up on new AI integration capabilities
Insig AI PLC - London-based data science and machine learning - Says it has conducted a series of tests using ChatGPT and other Generative AI models, ...
IN BRIEF: Insig AI draws down GBP290,000 from chair's loan facility
Insig AI PLC - London-based data science and machine learning - Draws down a third tranche of GBP290,000 from its convertible loan facility agreement ...
TRADING UPDATE: Insig AI pretax loss widens; Feedback revenue to jump
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