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IN BRIEF: Visum Technologies loss widens amid tough theme park market

22nd Dec 2023 15:02

Visum Technologies PLC - London-based video technology for leisure sector - Pretax loss is GBP961,568 in financial year that ended June 30, widened marginally from GBP858,776. Revenue remains insubstantial at GBP62,593, up from GBP28,445, and administrative expenses increase to GBP965,412 from GBP848,057. Visum says that in its first full year of trading on Aquis Stock Exchange, it maintained all its key contracts while growing its future installation pipeline. In the past few months, Visum has signed collaboration agreements with Captivr GmbH and GoPhoto BV. "It has been challenging to sign new contracts for theme park installations in the last fiscal," says Chair Andrew Edge, "however, we are an agile company that has worked hard to find incremental revenue streams to compensate."

Current stock price: quoted at 1.05 pence; last traded on Oct 30 at 0.60p

12-month change: down from 20.00p

By Tom Waite, Alliance News editor

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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