21st Aug 2018 10:05
LONDON (Alliance News) - Shares in IXICO PLC rose on Tuesday as the company said it expects 24% jump in annual revenue, ahead of market expectations.
IXICO shares were trading up 16% at 37.25 pence each.
For the year ending September 30, the data science company said it now expects revenue to be "at least" GBP5.1 million, up from GBP4.1 million a year ago, reflecting contract wins in the period.
"The board expects that this will result in a reduced operating loss for the year," the company added.
Looking further ahead, the company said it it confident in meeting market expectations for the year ending Septmebr 2019, as it "continues to invest in its commercially led growth strategy on the path to profitability".
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