Losses widen at Active Risk

Shares in risk management software group Active Risk tanked on Monday after the company reported that losses had widened in the first half as a result of higher investment in marketing and product development.

Shares in risk management software group Active Risk tanked on Monday after the company reported that losses had widened in the first half as a result of higher investment in marketing and product development.

The firm, which develops the 'Active Risk Manager' (ARM) web-based risk management solution, said that revenue rose 11% in the six months to September 30th from £3.39m to £3.77m, helped by an additional nine new ARM customers added during the period.

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