RE: B9018 Mar 2021 10:41
Financial overview
· Revenues decreased to €321,000 (H1 2019: €520,000), primarily due to the impact of the COVID-19 pandemic, which caused cancelation of the vast majority of sporting events globally.
· Net loss after tax amounted to €1.0 million (H1 2019: €1.0 million)
· Completed raising of €515,000 through the issue of convertible loan notes during the period to provide working capital
- Raised a further €450,000 in September 2020, €700,000 in December 2020 and €1,847,000 in March 2021, each in the form of a convertible loan