Catenae Innovation Plc (GB:CTAI) has released an update.
Catenae Innovation Plc, an AIM-quoted digital media and technology provider, has reported a significant reduction in losses to £12,780 for the first half of 2024, down from £195,689 in the previous year, alongside a noteworthy increase in revenues to £124,500. The company announced a strategic investment in Klarian, a UK data analytics company focused on the oil and gas sector, and has already recognized approximately £117,500 in fees from this venture. Despite a marginal cash position, Catenae is actively managing its working capital and may seek additional capital through equity or alternative financing to support future growth.
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