StockMarketWire.com - Blue Prism has posted a FY pretax loss of £5.2m, from a year-ago loss of £743,000.

Revenue was £9.6m, from £6.1m.

"Losses from operations were £5.3m after share-based payments of £362,000 and IPO costs of £502,000 ... as the Group brought forward investments initially scheduled for 2017 to better meet the substantial market opportunity," the company said.

Investments in growing the company's US sales, and wider sales & marketing teams were the core focus during the year.

"Losses from operations were also impacted by the growth in total contracted revenue which resulted in increased sales commissions since the Group policy is to expense sales commissions on the whole contract immediately upon payment of the first invoice," Blue Prism said.




At 9:32am: [LON:PRSM] Blue Prism Group Plc share price was -26p at 486.5p



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