StockMarketWire.com - Fintech software provider TechFinancials swung to a full-year loss after tighter regulations hurt revenue.

Pre-tax losses for the year through December amounted to $5.0m, compared to a profit of $580k on-year.

Revenue slumped 42% to $7.8m.

'2018 continued to be a challenging year,' chairman Christopher Bell said.

'However, as I indicated in my statement on the results for the half year to 30 June 2018, the group has adapted to the significant changes in the regulatory landscape which have negatively impacted our markets, with vigour and innovation.'




At 9:38am: [LON:TECH] TechFinancials Inc share price was -0.1p at 6p



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