RE: Interesting company15 Aug 2014 16:25
Looking at the 1/2 report for y/e 31.12.13, the company seems perilously close to be profitable. MCAP seems low to me. Snippet from the 1/2 year below:
Financial and business highlights:
· Turnover increased by 15% to £976,578 (six months to 31 December 2012: £848,101).
· Operating loss reduced by 74% to £68,976 (six months to 31 December 2012: £262,850).
· Annual run-rate of recurring revenues at 31 December 2013 amount to £1.9 million (2012: £1.7 million) and cover 94% of the cost base.
· Net cash of £0.7 million at 31 December 2013.
Richard Last, Chairman of Arcontech Group, said:
"Arcontech has continued to make steady progress towards profitability, which we expect to continue in the second half of the year. The Group has an increasing pipeline of opportunities with both existing and potential new customers, which gives us confidence that the business remains on track to continue to deliver improvements in operational performance."