AIQ Limited Reports Narrowed Losses, Shifts Focus

AIQ Limited (GB:AIQ) has released an update.

AIQ Limited has reported an uptick in six-month revenue to £153k, primarily from a gaming app development project, cutting their losses before tax to £189k compared to £339k in the previous period. Despite this improvement, the company’s cash position remains precarious, with cash and equivalents standing at £72k after a non-interest bearing loan post-reporting period. The company is pivoting away from blockchain projects to IT services and closely monitoring finances to ensure shareholder value.

For further insights into GB:AIQ stock, check out TipRanks’ Stock Analysis page.