Shareholder Communications13 Oct 2018 20:24
In keeping with the Directors' enhanced communications plan, the Company intends to hold another shareholder event on 30 October 2018. Full details will be announced nearer the time.
Commenting on the results, Mark Slade, Chief Executive of Location Sciences, said:
"We have made excellent progress during the six months under review, during which we successfully launched our Verify product and assembled a management team with the necessary skills and experience to drive our future growth. We are also delighted to have met all our KPIs and revenue targets for the period.
The Directors' believe that our investments in educating the market regarding location data will begin to pay off in the second half of this year, when we expect to further increase our marketing efforts. In addition, we continue to invest in our products and have some significant enhancements planned over the next few months. Alongside our organic growth plan, we have also identified certain acquisition opportunities that would offer strategic benefits to the business. With a strong pipeline and good visibility on our forecast numbers we entered the second half of 2018 with confidence."