Small caps round-up: Nationwide Accident Repair, Motive TV, WANdisco

published 27 September 2012

Nationwide Accident Repair Services said revenue fell 12.9 per cent to 80.7m pounds, primarily due to site closures in 2011.

On a like-for-like basis revenue fell 4.7%, hit by poor LFL insurance revenue but boosted by strong LFL growth in fleet revenue. The gross profit margin increased from 35.5% to 36.3%. Underlying profit before tax was down to £2.8m (2011: £3.5m), while statutory profit before tax of £2.1m (2011: £3.0m). Net cash at June 30th increased to £8.0m (2011: £7.3m).

Motive Television, a digital television technology, software and services provider, suffered a decline in revenue in the first half of 2012 on the back of the difficult economic environment for its broadingcasting clients. As such, turnover forthe period fell to £0.49m from £1.09m the same period the previous year. Gross profit from continuing operations fell to £0.12m from £0.39m the same half the previous year. Loss per share from continuing activities came in at 0.05p (H1 2011: 0.12p) after losses attributable to continuing activities reduced by 18% to £1.39m (H1 2011: £1.7m).

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WANdisco, a California-based collaboration software developer with operations in Sheffield, posted a 53% rise in revenue for the six months ended June 30th, from $1.91m to $2.92m, with cash bookings up 57% from $2.16m to $3.39m year-on-year. However the loss for period totalled $3.64m compared to $1.2m the same period the previous year, hit by increased operating expenses. Net cash soared to $22.0m from $0.12m a year earlier.