Trading Update
March 04 2010 - 2:00AM
UK Regulatory
TIDMIMTK
RNS Number : 0518I
Imaginatik PLC
04 March 2010
4 March 2010
Imaginatik plc
("Imaginatik" or the "Company")
Trading Update
Imaginatik plc (AIM:IMTK), a provider of collaborative innovation software and
processes, announces today that largely as a result of contract slippage, it
expects turnover for the year ending 31 March 2010 to be significantly lower
than market expectations, but marginally ahead of the GBP4.58m achieved in the
previous financial year.
There remains some uncertainty over the timing of the closure of various ongoing
contract discussions, therefore the full impact on the loss for the year to 31
March 2010 is not yet certain.
Mark Turrell, CEO of Imaginatik, commented, "We have secured several significant
contracts during the course of the year, with some of the world's leading
organizations. However, the challenging economic environment continues to have
an impact on the business. Whilst it is disappointing not to achieve the revenue
forecast for the Company in this financial year, our cash position remains
comfortable, and we remain confident in the future prospects for Imaginatik and
for the market place in which we operate."
For further information please contact:
+--------------------------------+----------------------------+
| Imaginatik plc | Tel: 020 7917 2975 |
+--------------------------------+----------------------------+
| Mark Turrell, CEO / Shawn | |
| Taylor, CFO | |
+--------------------------------+----------------------------+
| | |
+--------------------------------+----------------------------+
| Arbuthnot Securities Limited | Tel: 020 7012 2000 |
+--------------------------------+----------------------------+
| Tom Griffiths | |
+--------------------------------+----------------------------+
| | |
+--------------------------------+----------------------------+
| ICIS | Tel: 020 7651 8688 |
+--------------------------------+----------------------------+
| Caroline Evans-Jones / Hilary | |
| Millar | |
+--------------------------------+----------------------------+
About Imaginatik
Imaginatik is a leading provider of Collective Intelligence solutions, including
Collaborative Innovation, Open Innovation and Idea Management technology and
services. Some of the world's leading companies use Imaginatik's Idea Central
software platform to identify and develop the important ideas and strategies
that will drive the future of their business. For more than 10 years,
Imaginatik has helped customers including CSC, Pfizer, Boeing, Chubb and Cargill
achieve outstanding results with the experience of its consulting team and
highly configurable web-based software.
Imaginatik is a public company whose shares are traded on the AIM market of the
London Stock Exchange (LSE:IMTK.L) and a World Economic Forum Technology Pioneer
with offices in Boston, MA, and London, UK. In 2009, Imaginatik was named as one
of the 500 fastest growing technology companies in the EMEA region by Deloitte.
Imaginatik is committed to ongoing research into the nature of human networks,
innovation and collective intelligence. The Company collaborates with several
academic institutions including the IXL Center at Hult International Business
School.
For further information please visit http://www.imaginatik.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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