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26 Jul 2019 | 09:07

Dev Clever expects revenues to be heavily weighted toward H2

Dev Clever said it expected revenues to be heavily weighted toward the second half of the year after reporting wider losses as higher costs offset a slight uptick in revenue during the seven months through April. Pre-tax losses widened to £569,000 from a loss of £153,000 a year earlier as revenues rose 2.9% to £264,000.

Earnings (EBITDA) loss of £545,000, up from £146,000 a year earlier, included legal and professional costs in relation to the IPO of £183,000 and share-based payment expenses on the issue of advisor warrants of £62,000.

At 9:07am: (LON:DEV) share price was -0.38p at 3.33p

Story provided by StockMarketWire.com
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