IN BRIEF: i-nexus Global remains positive as interim loss narrows

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i-nexus Global PLC - Coventry, England-based software company - Revenue in the six months ended March 31 comes in at £1.7 million, unchanged annually. Pretax loss narrows to £316,671 from £595,631. Administrative costs fall to £1.6 million from £1.8 million. Looking ahead, says sales pipeline volumes remains high.

‘In the first half of 2024, i-nexus has effectively navigated several challenges, particularly the non-renewal of a major legacy customer. We have remained resilient, achieving strong levels of account expansions and adding a steady volume of new logos,’ says Chief Executive Simon Crowther.

‘The outlook for i-nexus remains positive. The market continues to expand, particularly for solutions that support the remote working world and our strengthened product provides a solid foundation for future growth.’

Current stock price: 2.50 pence

12-month change: down 41%

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