- Tekcapital has widened its FY pretax loss to USD1.5m, from a loss of USD0.99m. Revenue was USD0.4m, from USD0.2m. Most of the losses were due to administrative expenses.

Executive chairman Commenting Clifford Gross commented:

"We are pleased to announce we have continued to develop the business during 2015, which now holds license rights to a total of 50 patents. We remain confident that meaningful near-term revenues will arise from commercialising our IP portfolio.

"As the market opportunity for the Company continues to expand and large enterprises increasingly take advantage of exogenous innovations, the Company will continue to invest in its IP portfolio while evaluating further commercial opportunities for its existing licenses."

At 9:31am: [LON:TEK] Tekcapital share price was 0p at 47.5p

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