Latest Results
Timestrip Plc is pleased to announce its audited preliminary results for the 12 months to 31 December 2008.
Timestrip Plc ("Timestrip") develops, manufactures and sells technologies in the field of time and temperature measurement. These technologies comprise Timestrip®, iStripTM and most recently TimestripPlusTM.
Key Points
- 2008 revenues of £673,000, 280% higher than prior year (2007: £177,000)
- Reduced pre-tax loss of £1.3m (2007 pre-tax loss: £1.7m)
- Cash at year end of £812,000
- Two placings post year end to raise £1m
- Two new product ranges launched - TimestripPlusTM and TimestripMedicalTM
| 2008 £ |
2007 £ |
|
|---|---|---|
| Revenue | 673,485 | 176,900 |
| Cost of sales | (241,346) | (112,918) |
| Gross profit | 432,139 | 63,982 |
| Administrative expenses | (1,750,619) | (1,883,099) |
| Operating loss | (1,318,480) | (1,769,117) |
| Finance income | 22,789 | 98,164 |
| Finance costs | (9,211) | (8,974) |
| Loss before taxation | (1,304,902) | (1,679,927) |
| Tax on loss on ordinary activities | (717,294) | 1,107,310 |
| Loss for the year | (2,022,196) | (572,617) |
| Attributable to: Equity holders of the Company |
(2,022,196) | (572,617) |
| Loss per share (basic & diluted) | (0.0055) | (0.0018) |
The income statement has been prepared on the basis that all operations are continuing operations.
There is no difference between basic and diluted loss per share.