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