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Imaginatik FY revenues slightly lower than last year

By BFN News | 03:46 PM | Wednesday 28 April, 2010


Imaginatik expects full year revenues to be slightly lower than last year;s £4.58m at £4.55m. It says this is lower than previously anticipated due to contract negotiations on a project not completing in the final quarter. The 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). Story provided by Business Financial Newswire

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