- IndigoVision Group slashed losses as the launch of new products helped drive revenue growth.

For the year ended 31 December 2018, losses narrowed to $639,000 from $2.8m a year earlier as revenues rose 9% to $46m.

Regional sales performance was mixed, as the company reported revenue growth of 45% in APAC, 8% growth in North America, 5% growth in EMEA, but a 9% decline in Latin America. During the first half of 2018 the group launched a range of new products and services including the Integra all-in-one device, which target at the SME market, and had attracted a strong pipeline of orders since its launch in April, the company said. 'The launch of a number of new products has helped reposition the business and facilitate growth. In 2018, our software revenues grew by approximately one quarter year-on-year and we continue to seek out new technology partnerships to bring value to our customers through IndigoVision's Control Center video management software,' the company said.

At 10:06am: [LON:IND] IndigoVision Group PLC share price was +5.5p at 131p

Story provided by