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Location Sciences Group Plc ( (GB:SORT) ) has shared an announcement.
Sorted Group Holdings PLC reported a 15.54% decrease in revenue for the fiscal year 2024 compared to the previous 15-month period, along with a significant reduction in administrative costs and operating losses. The company also improved its financial position with increased net assets and cash reserves. A related party transaction involving a funding arrangement with Shard Credit Partners was highlighted, which includes a potential increase in funding and a variation in interest payment terms. The acquisition of Sorted Holdings Limited was completed, providing a platform for growth opportunities in the ecommerce sector. Despite challenges, the company remains optimistic about sustainable expansion and has taken steps to stabilize its customer base and reduce costs.
More about Location Sciences Group Plc
Sorted Group Holdings PLC is a leading provider in the delivery experience and post-purchase technology sector. The company supports retailers by enhancing delivery experiences and analyzing post-purchase performance, with a focus on enabling customers to track deliveries easily. Trusted by major retailers like Asda, ASOS, and M&S, Sorted aims to differentiate customer purchase experiences.
Average Trading Volume: 1,784
Technical Sentiment Signal: Sell
Current Market Cap: £1.68M
Find detailed analytics on SORT stock on TipRanks’ Stock Analysis page.