i-nexus Global PLC - Coventry, England-based software company - Revenue in the six months ended March 31 comes in at £1.7 million, unchanged annually. Pretax loss narrows to £316,671 from £595,631. Administrative costs fall to £1.6 million from £1.8 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%
Copyright 2024 Alliance News Ltd. All Rights Reserved.