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DeepMatter Group PLC - Glasgow, Scotland-based digital chemistry data company - Posts widened loss as research & development and sales cost widen. Pretax loss in the half-year that ended June 30 increases to £1.9 million from £1.5 million a year prior. Revenue grows to £678,000 from £649,000. Research & development costs increase to £1.1 million from £856,000. ‘The group continued to invest in enhancing products and people to support our revenue growth in the second half-year. We made good progress along development roadmaps, focusing on the commercial appeal of products,’ DeepMatter explains. Administrative costs grow to £1.2 million from £1.0 million.
Looking forward, company says: ‘DeepMatter will continue resourcing its research & development delivery to strengthen the offering, as well as maintaining tight control on costs.’
Current stock price: 0.11 pence
12-month change: down 92%
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