Trading Update

RNS Number : 9099K

Imaginatik PLC

28 April 2010

 



28 April 2010

Imaginatik plc

("Imaginatik" or the "Company")

Trading Update

Imaginatik plc (AIM:IMTK.L), a provider of collaborative innovation software and processes, announces a trading update for the year ended 31 March 2010.

Further to the announcement of 4 March 2010, revenue for the year is expected to be £4.55m (FY09: £4.58m). This is slightly lower than previously anticipated due to contract negotiations on a particular project not completing in the final quarter. This contract is currently at the procurement stage and expected to close imminently.

The operating loss before share option charges for the year ended 31 March 2010 is expected to be £1.26m (FY09: profit £0.13m), reflecting the increased spend during the year on sales and marketing activities.

The Company closed the year with a strong cash position of £1.51m (31 March 2009: £1.14m) and with receivables of £1.36m (31 March 2009: £1.40m).

The Board remains confident of the future of Imaginatik and will update shareholders on progress at the time of the final results in mid June 2010.

For further information please contact:  

Imaginatik plc	Tel: [phone]
Mark Turrell, CEO / Shawn Taylor, CFO
Arbuthnot Securities Limited	Tel: [phone]
Tom Griffiths
ICIS	Tel: [phone]
Caroline Evans-Jones / Hilary Millar

About Imaginatik

Imaginatik is a leading provider of Collective Intelligence solutions, including Collaborative Innovation, Open Innovation and Idea Management technology and services. Some of the world's leading companies use Imaginatik's Idea Central software platform to identify and develop the important ideas and strategies that will drive the future of their business.  For more than 10 years, Imaginatik has helped customers including CSC, Pfizer, Boeing, Chubb and Cargill achieve outstanding results with the experience of its consulting team and highly configurable web-based software.

Imaginatik is a public company whose shares are traded on the AIM market of the London Stock Exchange (LSE:IMTK.L) and a World Economic Forum Technology Pioneer with offices in Boston, MA, and London, UK. In 2009, Imaginatik was named as one of the 500 fastest growing technology companies in the EMEA region by Deloitte. Imaginatik is committed to ongoing research into the nature of human networks, innovation and collective intelligence. The Company collaborates with several academic institutions including the IXL Center at Hult International Business School.

For further information please visit http://www.imaginatik.com

 

END

 

 

TSTPGUUPCUPUGMM