3rd May 2024 18:33
i-nexus Global PLC - Coventry, England-based software company - Revenue in the six months ended March 31 comes in at GBP1.7 million, unchanged annually. Pretax loss narrows to GBP316,671 from GBP595,631. Administrative costs fall to GBP1.6 million from GBP1.8 million. Looking ahead, says sales pipeline volumes remains high.
"In the first half of 2024, i-nexus has effectively navigated several challenges, particularly the non-renewal of a major legacy customer. We have remained resilient, achieving strong levels of account expansions and adding a steady volume of new logos," says Chief Executive Simon Crowther.
"The outlook for i-nexus remains positive. The market continues to expand, particularly for solutions that support the remote working world and our strengthened product provides a solid foundation for future growth."
Current stock price: 2.50 pence
12-month change: down 41%
By Sophie Rose, Alliance News senior reporter
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