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Location Sciences reports 'solid first half results' with flagship 'Verify’ as main growth driver

Proactive Research analyst Ed Stacey discusses Location Sciences (LON:LSAI) first half results.

As a technology for location-targeted mobile advertising their revenues is 'directly proportional to advertising volumes'.

Stacey explains that these results were in line with the trading update issued in July, with revenues up 1% (or +43% including securitised revenues), with period end net cash at £1.65m.

Click here to read Ed Stacey's latest update

Quick facts: Location Sciences Group PLC

Price: 0.42 GBX

LSE:LSAI
Market: LSE
Market Cap: £2.4 m
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Location Sciences reports increase in first half revenues and says funded...

Proactive Research analyst Ed Stacey discusses a first half update from Location Sciences (LON:LSAI). He says the firm had cash reserves of £1.7mln at the end of June 2020 which the company believes provides sufficient funding through to Q2 2021. Stacey adds that the loss at the EBITDA level...

on 27/7/20

2 min read