26th Jan 2023 08:53
Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - On Thursday, corrects loss reported in trading statement for the six months that ended December 31 that was issued on January 19 . Loss before interest, tax, depreciation and amortisation narrows by 38% to GBP789,000 from GBP1.3 million and compared to previously reported GBP721,000. Revenue in the six months to December 31 jumps 50% to GBP945,000 from GBP629,000 a year prior. The revenue figure isn't revised on Thursday. Expects a satisfactory cash position for financial year 2023, which ends on June 30. Chair Ian Buddery says: "We are pleased by the market's recognition of our technology advantages and confident we will add new contracts as 2023 progresses." Cordel aims to release its full half-year report in early February. Read More
