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).
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