Active Risk posts full-year loss
Active Risk, a risk management software solution provider, revealed a loss for the year ended March 31st after a decline in revenues and an increase in costs combined to deliver the negative result.
Active Risk, a risk management software solution provider, revealed a loss for the year ended March 31st after a decline in revenues and an increase in costs combined to deliver the negative result.
Revenues fell from £8.9m in to £7.3m after software licence sales declined by half, while costs and expenses rose to £9.0m from £7.8m the previous year, resulting in a loss of £1.7m compared to a profit of £1.1m the previous year. Losses per share were 5.6p (previous year earnings of 3.5p).
In a statement the company said: "We remain confident about the prospects for our business and, in line with our three year plan, have strengthened the talent in the business and stepped up our marketing to allow us to take advantage of the growing opportunity for our software solution in the enterprise risk management marketplace."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Year-on-year cash rose from £2.3m to £3.3m. The firm did not recommend paying a dividend.
The share price fell 8.2% to 28p by 14:00.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Higher rates are disappearing – should you fix your savings?
Fixed savings rates have dropped to their lowest levels in over a year. Should you fix your savings now ahead of a potential base rate cut in November?
By Katie Williams Published
-
Nine million people fall victim to financial scams, says Citizens Advice
The charity says that around one in five people across the UK have been caught out by a finance scam in the past year - here is how to protect your money
By Chris Newlands Published