Trading Update
April 28 2010 - 2:00AM
UK Regulatory
TIDMIMTK
RNS Number : 9099K
Imaginatik PLC
28 April 2010
28 April 2010
Imaginatik plc
("Imaginatik" or the "Company")
Trading Update
Imaginatik plc (AIM:IMTK.L), a provider of collaborative innovation software and
processes, announces a trading update for the year ended 31 March 2010.
Further to the announcement of 4 March 2010, revenue for the year is expected to
be GBP4.55m (FY09: GBP4.58m). This is slightly lower than previously anticipated
due to contract negotiations on a particular project not completing in the final
quarter. This contract is currently at the procurement stage and expected to
close imminently.
The operating loss before share option charges for the year ended 31 March 2010
is expected to be GBP1.26m (FY09: profit GBP0.13m), reflecting the increased
spend during the year on sales and marketing activities.
The Company closed the year with a strong cash position of GBP1.51m (31 March
2009: GBP1.14m) and with receivables of GBP1.36m (31 March 2009: GBP1.40m).
The Board remains confident of the future of Imaginatik and will update
shareholders on progress at the time of the final results in mid June 2010.
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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