Imaginatik PLC Trading Update (4783P)
October 25 2012 - 2:00AM
UK Regulatory
TIDMIMTK
RNS Number : 4783P
Imaginatik PLC
25 October 2012
25 October 2012
Imaginatik Plc
("Imaginatik" or the "Company")
Trading Update
Imaginatik plc (AIM: IMTK.L), the world's first full service
innovation provider offering a range of technology products and
consultancy, is pleased to provide a trading update for the six
months ended 30 September 2012.
As announced at the time of the AGM on 14 September, Imaginatik
made good progress in the first half of the financial year. As
anticipated at the AGM, the Company successfully contracted a
further five additional customers in the last few weeks of the
period, bringing the total number of new customers in the first
half to 17 (H1 2011: 6). Of these, nine were annual contracts
(including Air Products and Chemicals Inc. and Chartis Global
Services, Inc.), five were pilot projects (including MillerCoors
and Merck & Co. Inc.) with the balance being consultancy-led
engagements.
Revenue for the first half is expected to be approximately
GBP1.75m, (H1 2011: GBP1.62m) with operating losses, before
share-based payments, expected to be approximately GBP0.36m (H1
2011: GBP0.43m). During the period the Company has capitalised
development costs amounting to GBP0.12m, (H1 2011: GBPnil).
One of the annual contracts referred to above was the conversion
of a consultancy-led engagement with a major international US based
mining company. The company had been a consultancy customer of
Imaginatik's since January 2012. This conversion further reinforces
Imaginatik's strategy to offer a 'full service' innovation platform
combining software with a mixture of strategic and operational
consultancy.
The Company expects to announce its interim results for the six
months ended 30 September 2012 towards the end of November.
Matt Cooper, Executive Chairman of Imaginatik, commented: "We
are pleased to see further evidence that our transition to a full
service innovation provider is starting to bear fruit, in
particular our consulting capabilities continue to differentiate us
from our competitors. Trading in the second half has begun well
and, with a strong pipeline of opportunities and renewals for the
second half, we remain confident of a successful outcome for the
year as a whole."
For further information please contact:
Imaginatik plc Tel: 020 7917
2975
Matt Cooper, Executive Chairman / Shawn
Taylor, CFO
Northland Capital Partners Limited Tel: 020 7796
8800
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, 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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