(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Abingdon Health PLC, up 20% at 11.67 pence, 12-month range 7.75p-70.19p. Signs "significant" European contract to supply components for a Covid-19 rapid antigen test. The lateral flow test developer and manufacturer says that the contract is for an initial period of 12 months with an option to extend. There is also an option to expand to other aspects of device manufacture. The contract is with an unnamed European customer and the initial phase is worth a minimum of GBP2.7 million.
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AIM - LOSERS
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Smartspace Software PLC, down 7.1% at 65.00 pence, 12-month range 65.00p-182.50p. Pretax loss in year ended January 31 widens to GBP3.7 million from GBP2.7 million in the same period a year prior. Administrative expenses rise to GBP7.3 million from GBP5.4 million. Revenue grows to GBP5.1 million from GBP4.6 million. Notes monthly average revenue per user for SwipedOn rises to GBP75 versus GBP48 the year before. "Our intention is to become a profitable business and we have plans in place to transition SmartSpace through to cash generation. The board believes the company has sufficient liquidity to complete this transition to cash generation towards the end of financial 2023," company adds.
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By Paul McGowan; paulmcgowan@alliancenews.com
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Abingdon Healt. (ABDX)