Osirium Technologies PLC (AIM:OSI) is on the slide as losses edged up despite increased revenues.
The vendor of cloud-based cybersecurity and IT automation software said half year revenues rose 23% to £0.91mln, but its operating loss rose from £1.52mln to £1.63mln.
Chief executive David Guyatt said the current financial year had seen record bookings and revenue, and he was confident on the outlook.
He said: "We remain vigilant around the group's costs with a clear focus towards reaching cash flow breakeven. The group will continue to take steps to rationalise its cost base without compromising our sales and marketing momentum. We are very pleased with the continued trading momentum in the second half of the financial year to date and look forward to the rest of the year with confidence."
But its shares have dropped 16.67% or 1p to 5p.
11.24am: Trakm8 on track to meet expectations
Trakm8 Holdings PLC (AIM:TRAK) has seen its shares accelerate after an upbeat annual meeting statement.
The technology company, whose businesses include fleet management and insurance telematics, said it had performed in line with forecasts since its trading update in September.
It said it was confident in the group's expectations for this year and the improved outlook for the next.
During the first five months of the financial year, new Insurance unit sales have been strong, increasing by 78% to 80,555, whilst new Fleet unit sales decreased by 4% to 6807. As a result, overall connections have grown by 13% during the five-month period to 299,000.
It plans to streamline its operations and is in talks with staff. It expects annualised savings of £2.4mln, with the one-off cost funded from the proceeds of a £1.58mln convertible loan note.
Its shares are up 4.33% or 0.78p at 18.78p.
10.33am: Dekel Agri-Vision boosted by record palm oil profits
Dekel Agri-Vision plc (AIM:DKL) is in demand after a record profit from its palm oil business.
The West African agribusiness company has reported a first half profit after tax of €2.5mln from the Ayenouan palm oil plant in Côte d'Ivoire, a 25% increase.
The increase was mainly driven by record crude palm oil and palm kernel oil pricing and an improved extraction rate, offsetting much lower than typical high season production volumes:
Its cashew operation made a loss of €0.2mln loss as the processing plant was in the late stages of commissioning, given a total group profit of €2.3mln, up 15%.
Lincoln Moore, Dekel's executive director, said: "With crude palm oil prices continuing to trade at long term highs, the company is well positioned to grow sales in the first half of 2023 should production volumes return to historical levels.
"The cashew operation is now closing in on the completion of full commissioning and is well placed to become a significant contributor to the group in 2023. With reasons to be optimistic about the performance of both the Palm Oil Operation and the Cashew Operation, we are excited about the potential to grow the company's sales and financial performance in the future."
The news has lifted its shares by 10.35% or 0.3p to 3.2p.
9.12am: Biome warns on results
Biome Technologies PLC (AIM:BIOM) has seen its shares slump after warning its results would be well below market expectations.
It has been hit by limited raw material availabilty and delays in customer product launches.
The bioplastics division was the main revenue generator for the group, but was hit by supply issues.
It added: "Anticipated [second half] revenues from Biome Bioplastics' increased supply of biodegradable coffee filter material to a second large US customer are now expected to be significantly lower than previously anticipated, impacting expected revenues from this customer in 2022 and 2023.
"Biome Bioplastics is also experiencing other customer launch delays related to raw material supply, logistics and uncertainty of end-consumer behaviour in the current economic climate, all of which have and will have an impact on the revenue generation of this division."
Its Stanelco RF Technologies division has seen some shipments delayed due to elongated lead-times for critical components, particularly electronics.
But the main issues have been resolved and second half revenues from this division are expected to be above previous forecasts.
Overall, however, it said: "The board now believes that group revenues for the years ending 31 December 2022 and 2023 will be substantially below current market expectations with a consequential substantial impact on the group's loss/profit before interest, taxation, depreciation, amortisation and share option charges in those years."
But it believes it has sufficient working capital for the foreseeable future.
Paul Mines, chief executive officer said: "Growth has been limited in both divisions in the first half by ongoing supply challenges. The trading environment for Biome Bioplastics is becoming more difficult with a number of factors impacting our revenue expectations for this year and 2023."
Its shares have dropped 66.18% or 112.5p to 57.5p.
8.32am: Comptoir upbeat despite restaurants facing rising costs
Comptoir Group PLC (AIM:COM) is looking tasty after the restaurant group issued a positive trading update showing its recovery from the pandemic.
The company, which operates Lebanese and Eastern Mediterranean restaurants, said half year revenues rose 158.9% to £14.5mln, while it moved from a £1.2mln loss after tax to a £946,000 profit.
Beatrice Lafon, non-executive chair, said: "I am pleased to announce that the first half of 2022 continued 2021's positive trajectory, with strong sales and profit across the estate. The results highlight the group's resilience against the backdrop of challenges faced by the hospitality sector over the last few years, including the cumulative and ongoing effects of Brexit, Covid, and the war in Ukraine, which continue to weigh on costs, labour availability and consumer footfall.
"Comptoir Group has a strong balance sheet, good cash reserves, a tight cost control culture, a stable of strong brands, a growing digital channel and a new board. Added to this is our unique position in the sector, celebrating Middle Eastern Cuisine and Hospitality. The family ethos that pervades the Comptoir team ensures we consistently deliver that Comptoir hospitality, all of which will enable the Group to innovate and return to growth as opportunities present themselves.
"We are cautious about the immediate-term outlook as we expect the macroeconomic environment to worsen in the months ahead. Rising energy costs and general inflationary pressures are likely to further impact both our costs and our customers' disposable income, however we are optimistic about the longer-term prospects for the business."
Its shares have climbed 12.13% or 0.74p to 6.84p.
Elsewhere Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) has added 6.13% or 2.6p to 45p.
The company said it had completed a pre-feasibility study on the Ewoyaa Lithium Project in Ghana, West Africa, demonstrating the significant profitability potential of the project.
Lennard Kolff, interim chief executive officer, said: ""We are delighted to release our pre-feasibitiy study for the Ewoyaa Lithium Project in Ghana, which further illustrates Ewoyaa as an industry-leading lithium asset, generating in excess of US$4.84bn in revenues over a 12.5-year mine life."