Revenue seems to be falling !1 Aug 2019 21:59
Very vague the £500,000 for six months upto June ! You would have thought after this announcement late 2018 revenues would have been well north of £600,000 !
Location Sciences is pleased to announce that it has reached the milestone of £100,000 of monthly revenue in October 2018. This is more than double the revenue run rate of close to £50,000 per month in August 2018, as announced in the Company's interim results statement on 5 September 2018.
This strong performance has been driven by growth in its UK data insights division with the majority of income now being generated through long term contracts or repeat revenues. The recently launched Verify product, for authenticating the accuracy of location-based advertising campaigns, is also gaining significant traction in the UK and US and the Company has signed contracts with two major UK media buying agencies in recent weeks, which includes London agency the7stars. The Directors believe that these recent contacts are a significant proof point in the roll out of Verify.