LONDON (Alliance News) - IXICO PLC said Wednesday it is confident it will deliver growth and meet 2018 market expectations as it halved its loss year-on-year.
For the six months to March 31, the neuroscience-focused technology company reported a pretax loss of GBP398,000, narrowed from GBP793,000 a year before.
Revenue of GBP2.9 million, up 30% on GBP2.3 million year-on-year driven by new contract wins.
For the year to date, IXICO signed GBP5.2 million worth of new contract wins or expansions.
"This performance underpins our confidence in delivering further top-line growth this financial year," Chief Executive Officer Giulio Cerroni said.
IXICO shares were trading down 4.7% early Wednesday afternoon at 30.01 pence each.
Ixico (IXI)