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Share Price: 66.50
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EARNINGS UPDATES: Live Co achieves surge in interim revenue

Fri, 30th Sep 2022 14:46

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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DG Innovate PLC - Bingley-England based storage battery manufacturer - Says grant income in the six months ended on June 30 falls to GBP344,831, from GBP675,816 a year ago. Pretax loss widens to GBP6.2 million from just GBP201,156, as administrative expenses jump to GBP1.2 million from GBP777,670 a year ago. "The first half of 2022 was transformational for the company, as we completed the reverse takeover of DGI to become DG Innovate PLC", Chair Nick Tulloch says. Looking ahead, it seeks to commercialise a suite of electric mobility and storage tech.

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Live Co Group PLC - UK-based live events and entertainment company - Posts a surge in revenue to GBP2.6 million for the six months ended on June 30, from GBP622,000 a year ago, as pretax loss narrows to GBP1.4 million from GBP2.1 million. Cost of sales increase to GBP1.7 million from GBP1.4 million a year earlier. Looking ahead, says it remains "cautiously optimistic" for 2023, citing increased demand for live events.

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NetScientific PLC - London-based life sciences and sustainability technology investment firm - Reports a fall in revenue to GBP391,000 for the six months ended June 30, from GBP407,000 a year ago. Pretax loss widens to GBP1.7 million from GBP1.5 million. Selling and administrative costs amount to GBP1.4 million, up from GBP1.2 million ago, mainly due to "increased headcount in the subsidiaries and at head office, and increased spending in drives towards commercialisation and eventual liquidity events".

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TechFinancials Inc - invests in early-stage technology companies - Posts no revenue for the six months ended on June 30. Pretax loss widens to USD163,000 from USD92,000 a year ago as financing expenses swing to a loss of USD89,000 from a profit of USD41,000.

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Apollon Formularies PLC - London-based medical cannabis pharmaceutical firm - Posts revenue of GBP165,053 in the six months ended on June 30, compared to none a year ago. Pretax loss narrows to GBP212,436 from GBP1.7 million, despite administrative expenses rising to GBP535,889 from GBP335,425 a year ago. No finance costs have incurred this year, compared to GBP3,799 last year.

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By Xindi Wei; xindiwei@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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16 Dec 2022 21:53

TRADING UPDATES: Dev Clever to cancel shares; Tintra raises funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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2 Dec 2022 19:33

TRADING UPDATES: Time Out eyes Riyadh; MTI Wireless wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News:

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14 Nov 2022 21:35

TRADING UPDATES: Rogue Baron names chair; Mobile Streams wins contract

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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9 Nov 2022 21:17

EXECUTIVE SUMMARY: Gelion gets new CEO; Spectral names COO

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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20 Oct 2022 13:37

PipeHawk partner QM Systems secures up to GBP2.5 million funding

(Alliance News) - PipeHawk PLC on Thursday said the partner of subsidiary QM Systems Ltd has received up to GBP2.5 million in funding, following production delays setting back their contract.

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14 Oct 2022 20:22

TRADING UPDATES: Pembridge Resources gets payment; Genflow gets award

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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3 Oct 2022 19:52

TRADING UPDATES: Goodbody Health wins deal; Tekcapital secures funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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25 Aug 2022 14:38

IN BRIEF: NetScientific investee PDS secures USD35 million financing

NetScientific PLC - London-based life sciences and sustainability technology investment firm - Says portfolio company PDS Biotechnology Corp has entered into a debt financing agreement led by Horizon Technology Finance Corp to provide up to a USD35.0 million term loan. As part of the financing, PDS has received an initial tranche of USD25 million. It has the option to receive an additional USD10 million. Each advance of the loan will be repaid in 48 monthly payments consisting of 24 monthly payments of interest only, followed by 24 monthly payments of principal and accrued interest.

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16 Aug 2022 17:45

IN BRIEF: NetScientific completes purchase of 30% stake in Vortex

NetScientific PLC - London-based life sciences and sustainability technology investment firm - Completes acquisition of 30% interest in Vortex Biotech Holdings Ltd for GBP300,000, after being announced in early May.

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8 Aug 2022 19:09

IN BRIEF: NetScientific investee PDS Biotechnology posts widened loss

NetScientific PLC - London-based life sciences and sustainability technology investment firm - Reports second-quarter results from portfolio firm, PDS Biotechnology Corp. Net loss for three months to June 30 was USD5.8 million, or USD0.20 per basic share, widened from USD600,000, or USD0.03, a year before. "The higher net loss reported for the three months ended June 2022 is primarily due to additional costs for expansion of the company's research and development, including costs associated with our ongoing clinical trials, additional general and administrative costs, and lower income tax benefit," it says. PDS's cash balance at June 30 stands at USD53.0 million. Netscientific holds 47% stake in PDS.

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22 Jun 2022 15:48

UK shareholder meetings calendar - next 7 days

Thursday 23 June 
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Anglo Asian Mining PLCAGM
Card Factory PLCAGM
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Downing Renewables & Infrastructure Trust PLCGM re initial placing & open offer
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GENinCode PLCAGM
Ideagen PLCGM re takeover by Hg Pooled Management Ltd
Longboat Energy PLCAGM
Oxford Nanopore Technologies PLCAGM
Puma VCT 13 PLCGM re cancellation of listing & liquidation
RBG Holdings PLCAGM
Tandem Group PLCAGM
Union Jack Oil PLCAGM
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Friday 24 June 
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Entain PLCAGM
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Hawkwing PLCAGM
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Life Science REITAGM
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Futura Medical PLCAGM
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UK Oil & Gas PLCAGM
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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22 Jun 2022 10:37

NetScientific raises GBP1.5 million to build its growth strategy

(Alliance News) - NetScientific PLC on Wednesday said it has raised GBP1.5 million amid a "difficult macro-economic climate".

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21 Jun 2022 22:13

TRADING UPDATES: Coca-Cola HBC and Pendragon shareholders show ire

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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17 Jun 2022 12:23

NetScientific increases stake in AI company Q-Bot to 24%

NetScientific PLC - London-based life sciences and sustainability technology investment firm - Increases its direct holding in AI company Q-Bot Ltd to 24% from 21%. Purchase is made via NetScientific's wholly-owned subsidiary EMV Capital, buying 1,066 Q-Bot shares for GBP202,540.

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