AIM-listed digital media technology group Catenae Innovation PLC (AIM:CTEA) successfully narrowed its operational losses in the first half of 2023, though net liabilities increased due to a reduced cash position.
Total losses for the period came to £185,000, down from £287,000 in the comparable 2022 period, with net liabilities totalling £315,000 as of 30 June.
Catenae noted in its interim report published on Friday that it entered into an agreement for a convertible loan facility for up to £250,000 with Sanderson Capital Partners.
Post period, Catenae announced that a 51%-owned subsidiary ceased trading due to losses incurred.