Catenae Innovation Plc (GB:CTAI) has released an update.
Catenae Innovation Plc, a provider of digital media and technology, reports a net loss of £261,318 for 2023, a notable reduction from the previous year’s £545,533 loss; however, revenues also fell to £28,670 from £117,020 in 2022. With a current net liability of £433,158, the company’s auditors have highlighted a material uncertainty regarding its ability to continue as a going concern, despite the directors’ confidence in future cash flow forecasts. The company continues to prioritize organic growth and strategic acquisitions to enhance shareholder value.
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