StockMarketWire.com - Sabien Technology has widened its FY pretax loss to £1.6m, from a year-earlier loss of £568,000. Revenue was £879,000, from £1.7m.

CEO Alan O'Brien said 2016 was a year of transition resulting from the review of the group's sales strategy and sales processes.

"The main targets for the Group were to achieve 35 pilot installations in the year and to grow the sales pipeline and I am pleased that both these were achieved," he said in a statement.

"We will now be looking to build on these achievements in the new financial year and are looking to run a total of 40 pilots in the UK, Europe and the USA."






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