IQGeo Group PLC - provider of geospatial productivity and collaboration software for the telecommunications and utility network industries - Reports a narrowed loss in the first half of 2023, amid sharply higher revenue, and says it has a "very positive" outlook for its target markets in the year as a whole. Pretax loss narrows to GBP177,000 in the six months ended June 30, from GBP483,000 the previous year. Revenue more than doubles to GBP20.5 million from GBP9.2 million. Says its performance remains in line with expectations and is "very positive" about the outlook for its target markets.
Current stock price: 266.00 pence, down 8.3% in London on Monday morning
12-month change: up 76%
By Heather Rydings, Alliance News senior economics reporter
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Iqgeo (IQG)