Timestrip Plc is pleased to announce its unaudited interim results for the 6 months to 30 June 2008.
Timestrip Plc ("Timestrip") develops, manufactures and sells two technologies in the field of time and temperature measurement. The patented Timestrip smart label monitors how long perishable food and other replaceable products have been open or in use. The patent pending iStrip undergoes an irreversible colour change when exposed to freezing temperatures and is designed to indicate whether the efficacy of products, such as vaccines, has been compromised.
Key Points
| 6 months to 30 June 2008 Unaudited |
6 months to 30 June 2007 Unaudited |
12 Months to Audited |
|
|---|---|---|---|
| £000's | £000's | £000's | |
| Revenue | 268 | 110 | 177 |
| Cost of sales | (128) | (57) | (113) |
| Gross profit | 140 | 53 | 64 |
| Administrative expenses | (843) | (831) | (1,833) |
| Loss from operations | (703) | (778) | (1,769) |
| Finance income | 10 | 54 | 98 |
| Finance costs | (4) | (6) | (9) |
| Loss before tax | (697) | (730) | (1,680) |
| Taxation | 72 | 73 | 1,107 |
| Loss for the period | (625) | (657) | (573) |
| Attributable to: Loss for the period attributable to equity holders of the Company |
(625) |
(657) |
(573) |
| Basic and diluted loss per share | ( 0.19) p | ( 0.21) p | ( 0.18) p |