WANdisco's shares fall as FY pre-tax loss reduced
Shares in WANdisco are down more than 6% after its full-year pre-tax loss came in at about a third of the prior period's.
Cirata
67.00p
16:34 28/03/24
0.00%
0.00p
FTSE AIM All-Share
743.26
16:50 28/03/24
n/a
n/a
Software & Computer Services
2,487.67
17:14 28/03/24
0.11%
2.68
Pre-tax loss for the period was $10.0m, from a loss of $31.0m. Revenue had improved to $11.4m, from $10.9m.
The active data replication specialist saw cash burn reduced, and its year-end cash rise. It was debt-free as at 31 December 2016.
"We continue to build on this momentum with a strong new business pipeline which, combined with a significantly reduced cost base together will further underpin our progress towards profitability," said chief executive David Richards.
At 14:36 GMT, shares in AIM-quoted WANdisco were down 6.37% to 500p each.