Mirriad Advertising PLC declined 14% to 21.1p on increased losses and falling sales for the year ended 31 December 2021.
Revenue for the year was £2mln (2020: £2.2m), with the US contribution at £884,000 or up by 182%.
Mirriad is still early in its development and operating losses widened to £12mln (2020 £9.1mln) with cash consumption also higher at £10.4mln (2020: £8.1mln) as it spent heavily on its expansion plans.
Stephan Beringer, chief executive, said the company made good progress building the number and breadth of leading supply partners working with Mirriad.
“With the simultaneous rise in connected TV and streaming services, we expect further opportunities for us from growth across these new platforms.
"Looking at 2022, Mirriad expects to capitalise on the significant opportunities in the North American market and our launch into the programmatic realm.
“We will also continue to nurture strong existing relationships in Europe and manage the move away from a minimum revenue guarantee model with Tencent in China.”
2.08pm: Dignity falls as revenues and profits both tumble
Shares in Dignity PLC, the funeral service provider, tumbled 7.6% to 462p as revenues and profits both slid.
In its first quarter update, revenues were down 22% to £73.9mln, while profits fell 67% to £9mln compared to the same period 12 months prior.
Dignity said performance was weak due to the lower number of deaths compared to the first quarter of 2021, as well as a lower average revenue per funeral due to moving towards “more competitive pricing” last September.
1.08pm: Homeserve advances on potential US$5bn takeover
Homeserve PLC rose 15% to 1,116p on reports that Canadian investment firm Brookfield Asset Management is nearing a US$5bn takeover.
The potential takeover of the household repairs provider would be one of the largest UK take-private transactions of 2022.
According to reports, final terms are being finalised and an agreement is possible in the coming days.
Brookfield said on 24 March it was in the early stages of a potential offer, which means it has until 19 May to either announce a firm intention to make an offer or walk away.
11.59am: DeepMatter soars after signing second multi-year contract
DeepMatter Group PLC, the data and software company, surged by 49% to 0.14p after announcing the signing of a second multi-year contract with Standigm.
Standigm is a “leading workflow artificial intelligence drug discovery company” based in South Korea, according to a statement.
This new agreement is expected to generate revenues of up £280,000, and builds on the first contract that was announced on 1 March.
This second agreement with Standigm this year demonstrates our unique portfolio capabilities and also deepens the collaboration between our two businesses,” said Mark Warne, chief executive of DeepMatter.
11.00am: Ilika sinks on higher loss and lower sales
Ilika PLC sunk 21% to 74.7p on news of an increased underlying loss and longer than anticipated processes to ensure that product batches can be reproduced to meet exact specifications.
It said trading for the year to April has been in line with internal expectations, with the company continuing to explore opportunities for its solid-state batteries.
The solid-state battery technology expert revealed revenues are expected to come in at around £0.5mln, with an increased underlying loss of around £7.0mln from the build-out and opening of its manufacturing facility for the Stereax micro batteries.
That would represent a 78% reduction in sales compared with the previous year ended 30 April 2021 and a 300% increase in losses.
9.05am: Trafalgar Property goes vertical (farming) with new board appointment
Trafalgar Property Group PLC (AIM:TRAF) shares went vertically higher, jumping 200% to 1.07p, after it announced the appointment of vertical farms expert Paul Challinor as an executive director with immediate effect.
A specialist in the construction and management of indoor hydroponic vertical farming facilities, Dr Challinor and with Gary Thorneycroft, Trafalgar's chief financial officer, were co-founders of Jones Food Company (JFC), which was the largest vertical farm in Europe when a majority stake was bought by Ocado in 2019.
Paul Treadaway, managing director of Trafalgar, said: "We view Paul's appointment as the key step in the development of Trafalgar's long-planned hydroponic division as he is a UK pioneer in this high growth market.
"The board believes Paul's appointment which has been in negotiation for some time, will help Trafalgar to re-invigorate its hydroponics strategy. Paul's experience and expertise together with that of Gary Thorneycroft, will greatly assist Trafalgar in realising its aspirations to design, fit out, build and where appropriate even operate hydroponic assets."