Tan Delta Systems PLC (GB:TAND) has released an update.
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Tan Delta Systems PLC, a provider of analytics-based equipment monitoring and intelligent maintenance systems, reported a year-end cash position of £4.56 million after a successful IPO on AIM, despite a £0.37 million adjusted loss before tax for the year 2023. The company highlighted a significant increase in its sales prospect pipeline to £4 million and is optimistic about converting these prospects into sales in the second half of the current year, with ongoing trials expected to finalize in 2024 leading to long-term contracts.
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