RE: Help21 Jun 2020 00:10
Not quite, in fact very good reason for the SP to be where it is but I doubt anyone's actually done any research lol.
No good just manipulatable.
Half Yearly Report
i-nexus Global plc (AIM: INX), a leading provider of cloud-based Strategy Execution software solutions designed for the Global 5000, today provides its unaudited results for the six months ended 31 March 2020.
Financial Highlights
· Group Revenue £2.27m (H1 19 £2.31m)
o Recurring revenue £2.03m (H1 19 £1.89m)
o Services revenue £0.24m (H1 19 £0.41m)
· Loss before tax £2.16m (H1 19 £1.91m)
· Significant cost reduction measures implemented in January 2020, reducing Group costs across all categories by £0.25m per month, not including those staff on furlough as a result of COVID-19
· 25 employees furloughed from 1 April 2020 representing a further but temporary combined monthly cost reduction of ~£0.1m
· Cash overdraft at 31 March 2020 of £0.14m (Cash and cash equivalents at 30 September 2019: £1.53m, 31 March 2019: £4.76m), due to significant increase in overdue debtors in March 2020 as COVID-19 impact was felt globally, the majority of which have since been collected
o Cash & cash equivalents at 27 May 2020: £0.29m