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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 wins consultancy contract with alternative investment manager
7 Nov 2022 - TRADING UPDATES: BlackRock Smaller net asset value down; Insig hopeful
3 Nov 2022 - CORRECT: Nanoco files suit; Harland & Wolff activates facility
27 Oct 2022 - TRADING UPDATES: Nanoco files suit; Harland & Wolff activates facility
26 Oct 2022 - Insig AI draws second tranche from convertible loan facility
26 Oct 2022 - TRADING UPDATES: IQE, Trellus Health and Insig sign new agreements
17 Oct 2022 - IN BRIEF: Insig AI draws down GBP100,000 from chair's loan facility
12 Oct 2022 - TRADING UPDATES: Insig and RA International sign new contracts
30 Sep 2022
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