Trading Update (4487B)
April 17 2012 - 2:00AM
UK Regulatory
TIDMIMTK
RNS Number : 4487B
Imaginatik PLC
17 April 2012
17 April 2012
Imaginatik Plc
("Imaginatik" or the "Company")
Trading Update
Imaginatik plc (AIM: IMTK.L), a leading provider of enterprise
innovation solutions including a range of technology products and
consultancy, today provides an update on trading for the year ended
31 March 2012.
In the last 12 months the management team has put in place all
the components it has identified as the elements required for
future success. These include key management hires, the expansion
of the sales team including re-entry into the UK market, the
addition of further consultancy capability, the enhancement of the
technology suite and a clear marketing strategy. Imaginatik now
occupies a unique position in the innovation market, as a full
service innovation partner. Its proven consultancy coupled with
award winning software clearly differentiates Imaginatik from its
competitors.
As a result of these actions, revenues for the year to 31 March
2012 are expected to show an increase of approximately 20% on the
prior year (2011: GBP2.85m), with the second half being
approximately 30% ahead of the same period in the prior year. The
operating loss, before share option costs, for the year is expected
to be substantially reduced to approximately GBP0.975m (2011: loss
of GBP2.28m). Cash balances as at 31 March 2012 were GBP0.54m (31
March 2011: GBP0.47m).
Matt Cooper, Executive Chairman of Imaginatik, commented: "We
have made good progress during the year, executing against our
plan, and the number of customers now signing multi-year contracts
bears testament to that success. While we will record a loss for
the year, it will be substantially reduced compared to 2011."
For further information please contact:
Imaginatik plc Tel: 020 7917 2975
Matt Cooper, Chairman /
Shawn Taylor, CFO
Northland Capital Partners Tel: 020 7796 8800
Limited
Gavin Burnell / Edward Hutton
Newgate Threadneedle Tel: 020 7653 9850
Caroline Evans-Jones / Hilary
Millar
About Imaginatik
Imaginatik provides a range of Innovation solutions comprised of
consultancy, enterprise software and program management to deliver
innovation results to companies such as The World Bank, NYSE, The
Chubb Group of Insurance Companies, Boeing, Pfizer, Goodyear,
Paccar, Kellogg and Cargill. Few companies possess the internal
capability to consistently generate fresh ideas, identify those
worth pursuing and reliably transform them into real,
value-enhancing assets. Imaginatik's mission is to help these
companies build sustainable innovation competencies.
Imaginatik is a public company whose shares are traded on the
AIM market of the London Stock Exchange (LSE:IMTK.L) and is a World
Economic Forum Technology Pioneer with offices in Boston, MA, and
Winchester, UK. For more information visit www.imaginatik.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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