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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: Mirada extends loan; Atlantic Lithium joins ASX
26 Sep 2022 - Insig AI shares fall on convertible loan note agreement with chair
12 Sep 2022 - IN BRIEF: Insig AI draws down GBP240,000 from shareholder facilities
30 Aug 2022 - TRADING UPDATES: De La Rue cancels contract; Apollon buys in Jamaica
26 Jul 2022 - Insig AI enters loan agreement with long-term shareholder
17 Jun 2022 - Insig AI gets GBP500,000 loan facility from long-time shareholder
17 Jun 2022 - TRADING UPDATES: Cloudbreak signs royalty agreement; TomCo drills
31 May 2022 - TRADING UPDATES: Enwell pleased with SV-31; SDX Energy ties in well
6 May 2022
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