StockMarketWire.com - Imaginatik said Monday first-half losses widened as customers held off purchases in the wake of the company's strategy review undertaken at the beginning of the year.

For the six months ended 30 September 2018, losses widened to £0.595m from £0.572m a year earlier as revenue decreased 18% to £1.42m.

The company blamed the poor performance on several factors including a slowdown in new businesses opportunities as potential buyers had decided to wait for the company's strategic review to conclude before deciding to purchase.

Gross bookings fell to £0.60m for the half, from £1.71m previously affected by both the timing of the strategic review and renewals, the company said.

'It has been a very difficult period since the announcement of the strategic review at the beginning of 2018, as that created uncertainty in the market about the Company's position,' said Simon Charles, Non-Executive Chairman.


At 9:46am: [LON:IMTK] Imaginatik PLC share price was 0p at 1.25p



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