Informe de medio año
21 de marzo de 2024
Para su publicación inmediata
PLC ADVFN
("ADVFN" or the "Group")
Resultados provisionales no auditados de los seis meses finalizados el 31 de diciembre de 2023
ADVFN today announces its unaudited interim results for the six months ended 31 December 2023 (the "Period").
Declaración del director ejecutivo
As we release our interim report, the Board reaffirms its commitment to implementing its long-term plans to improve financial results.
The first stages of this are in place. I wish to highlight our recent partnership with Prodesfin S.R.L, who own and operate the financial website Financiallounge.com in Italy and also the changes and redesign of our product offering some of which are evident on our www.advfn.com página web. We're on track to conclude these enhancements by the end of Q2 2024.
We have continued to reduce costs and the cash burn rate and we've maintained a healthy cash balance of £4.7 million at the Period end , aligning with the financial objectives outlined in previous reports. This has led to reduced losses over the comparable period to last year of (£531k; 2023 £622k) despite a decrease in revenues. The decrease in revenues was primarily attributable to continued adverse market conditions and the discontinuance of company units which no longer supported our business goals.
We remain focused on continuing this improved trend in the upcoming H1 and H2 of 2024.
Amit Tauman
CEO
21 de marzo de 2024
Estado de resultados intermedio condensado consolidado | ||||
|
| meses a 6 31 DIC | meses a 6 31 DIC | meses a 12 30 junio |
2023 | 2022 | 2023 | ||
000 £ | 000 £ | 000 £ | ||
sin auditar | sin auditar | auditado | ||
Notas | ||||
| ||||
Ingresos |
| 2,294 | 3,061 | 5,445 |
El costo de ventas |
| (109) | (196) | (316) |
| ||||
Beneficio bruto |
| 2,185 | 2,865 | 5,129 |
| ||||
Pagos basados en acciones |
| (9) | - | 319 |
Amortización de activos intangibles |
| (84) | (91) | (191) |
Gastos administrativos |
| (2,703) | (3,390) | (6,026) |
Gastos administrativos - partidas no recurrentes |
| - | - | (1,178) |
| ||||
Gastos administrativos totales |
| (2,796) | (3,481) | (7,076) |
| ||||
Pérdida operativa |
| (611) | (616) | (1,947) |
| ||||
Ingresos financieros |
| 80 | 24 | |
Gastos financieros |
| (1) | (6) | (11) |
Otros ingresos |
| - | - | 20 |
| ||||
Pérdida antes de impuestos |
| (532) | (622) | (1,914) |
Taxation |
| 1 | - | 58 |
| ||||
Pérdida por operaciones continuas |
| (531) | (622) | (1,856) |
Pérdida por operaciones discontinuadas |
| - | - | (313) |
| ||||
Total loss for the period attributable to shareholders of the parent |
|
(531) |
(622) |
(2,169) |
|
|
| ||
Pérdida por acción de operaciones continuas |
| DESCANSADO |
| |
Basic |
| - | - | (5.16p) |
Diluido |
| - | - | (5.16p) |
|
|
| ||
Loss per share from total operations |
| |||
Basic | 3 | (1.16p) | (2.35p) | (6.03p) |
Diluido | (1.16p) | (2.35p) | (6.03p) |
Estado de resultados integrales condensado intermedio consolidado | ||||
|
| meses a 6 31 DIC | meses a 6 31 DIC | meses a 12 30 junio |
2023 | 2022 | 2023 | ||
000 £ | 000 £ | 000 £ | ||
sin auditar | sin auditar | auditado | ||
| ||||
Pérdida del período |
| (531) | (622) | (2,169) |
|
| |||
Otro resultado integral: |
| |||
Partidas que se reclasificarán posteriormente a resultados: |
| |||
Diferencias de cambio en la conversión de operaciones en el extranjero |
| 28 | 41 | 33 |
| ||||
Total de otros resultados integrales |
| 28 | 41 | 33 |
| ||||
Total comprehensive loss for the period attributable to shareholders of the parent |
|
(503) |
(581) |
(2,136) |
| ||||
|
Balance de situación intermedio condensado consolidado |
| |||
| 31 DIC | 31 DIC | 30 junio | |
2023 | 2022 | 2023 | ||
000 £ | 000 £ | 000 £ | ||
sin auditar | sin auditar | auditado | ||
Activos |
| |||
Activos no corrientes |
| |||
Propiedad, planta y equipo (incluidos los activos por derecho de uso) |
| 145 | 51 | 160 |
Fondo de comercio y activos intangibles |
| 959 | 2,054 | 1,003 |
Otros ingresos |
| 22 | 26 | 25 |
| ||||
| 1,126 | 2,131 | 1,188 | |
| ||||
Activos circulantes |
| |||
Cuentas comerciales y otras cuentas por cobrar |
| 460 | 368 | 466 |
Efectivo y equivalentes de efectivo |
| 4,798 | 647 | 5,557 |
| ||||
| 5,258 | 1,015 | 6,023 | |
| ||||
los activos totales |
| 6,385 | 3,146 | 7,211 |
| ||||
Patrimonio y pasivos |
| |||
Equidad |
| |||
Capital emitido |
| 92 | 53 | 92 |
Compartir premium |
| 6,676 | 305 | 6,676 |
Reserva de pagos basada en acciones |
| 32 | 341 | 22 |
Reserva de traducción de divisas |
| 344 | 324 | 316 |
Ganancias retenidas |
| (2,360) | (282) | (1,828) |
| ||||
| 4,783 | 741 | 5,278 | |
| ||||
Pasivos no corrientes |
| |||
Préstamos - préstamos bancarios |
| 15 | 34 | 20 |
| ||||
| 15 | 34 | 20 | |
| ||||
Pasivo circulante |
| |||
Comerciales y otras cuentas a pagar |
| 1,576 | 2,314 | 1,903 |
Préstamos - préstamos bancarios |
| 10 | 13 | 10 |
Pasivos por arrendamiento |
| - | 44 | - |
| ||||
| 1,586 | 2,371 | 1,913 | |
| ||||
Pasivos totales |
| 1,601 | 2,405 | 1,933 |
| ||||
Total patrimonio y pasivos |
| 6,384 | 3,146 | 7,211 |
|
Condensed interim estado consolidado de cambios en el patrimonio
| Capital social | Compartir premium | Reserva de pago basada en acciones | Reserva de traducción de divisas | Ganancias retenidas | Equidad total |
| 000 £ | 000 £ | 000 £ | 000 £ | 000 £ | 000 £ |
Al 1 de julio de 2022 | 53 | 305 | 341 | 283 | 340 | 1,322 |
Pérdida del período después de impuestos | - | - | - | - | (622) | (622) |
Otro resultado integral | ||||||
Diferencias de cambio en la conversión de operaciones en el extranjero |
- |
- |
- |
41 |
- |
41 |
Total integral (pérdida) / ingresos | - | - | - | 41 | (622) | (581) |
|
|
|
|
|
| |
Al 31 de diciembre de 2022 | 53 | 305 | 341 | 324 | (282) | 741 |
Transacciones con accionistas de capital: | ||||||
Acciones emitidas | 39 | 6,448 | - | - | - | 6,487 |
Cost associated with the issue of shares | - | (77) | - | - | - | (77) |
Emisión de opciones | - | - | 1 | - | - | 1 |
Opciones caducadas | - | - | (320) | - | - | (320) |
39 | 6,371 | (319) | - | - | 6,091 | |
Pérdida del período después de impuestos | - | - | - | - | (1,546) | (1,546) |
Otro resultado integral | ||||||
Diferencias de cambio en la conversión de operaciones en el extranjero |
- |
- |
- |
(8) |
- |
(8) |
Total de otros resultados integrales | - | - | - | (8) | - | (8) |
Pérdida integral total | - | - | - | (8) | (1,546) | (1,554) |
Al 30 de junio de 2023 | 92 | 6,676 | 22 | 316 | (1,828) | 5,278 |
|
|
|
|
|
| |
Transacciones con accionistas de capital: |
|
|
|
|
|
|
Emisión de opciones | - | - | 10 | - | - | 10 |
92 | 6,676 | 32 | 316 | (1,828) | 5,288 | |
|
|
|
|
|
| |
Pérdida del período después de impuestos | - | - | - | - | (531) | (531) |
Otro resultado integral | ||||||
Diferencias de cambio en la conversión de operaciones en el extranjero | - | - | - | 28 | - | 28 |
Total integral (pérdida) / ingresos | - | - | - | 28 | (531) | (503) |
|
|
|
|
|
| |
Al 31 de diciembre de 2023 | 92 | 6,676 | 32 | 344 | 2,359 | 4,785 |
Estado de flujos de efectivo intermedio resumido consolidado |
| |||
|
| meses a 6 31 DIC | meses a 6 31 DIC | meses a 12 30 junio |
2023 | 2022 | 2023 | ||
000 £ | 000 £ | 000 £ | ||
sin auditar | sin auditar | auditado | ||
Cash flows from continuing operating activities |
| |||
Pérdida del período por operaciones continuas |
| (531) | (622) | (1,855) |
Net finance (income)/expense in the income statement |
| (79) | 6 | (13) |
Depreciación de propiedades, planta y equipo |
| 16 | 53 | 75 |
Amortización de activos intangibles |
| 84 | 91 | 191 |
Write off goodwill |
| - | - | 978 |
Pagos basados en acciones |
| 10 | (319) | |
Disminución / (aumento) de cuentas por cobrar comerciales y otras |
| (16) | 92 | (20) |
Aumento / (disminución) de cuentas comerciales y otras cuentas por pagar |
| (328) | 167 | (226) |
| ||||
Net cash used by continuing operations |
| (844) | (213) | (1,189) |
| ||||
Flujo de caja de actividades operativas discontinuadas |
| |||
Pérdida del año por operaciones discontinuadas |
| - | - | (313) |
Amortización de activos intangibles |
| - | - | 23 |
Cancelar activos intangibles |
| - | - | 83 |
Disminución de cuentas por cobrar comerciales y otras |
| - | - | 14 |
Disminución de cuentas por pagar comerciales y otras |
| - | - | (23) |
| ||||
Net cash used by discontinued operations |
| - | - | (216) |
| ||||
Impuesto sobre la renta por cobrar |
| 25 | - | - |
| ||||
Efectivo neto utilizado por actividades operativas |
| (819) | (213) | (1,405) |
| ||||
Flujos de efectivo de actividades de financiación |
| |||
Emisión de capital social |
| - | - | 6,410 |
Pagos de dividendos |
| - | - | (589) |
Intereses bancarios recibidos |
| 80 | - | 24 |
Reembolso de préstamos |
| (5) | (7) | (24) |
Reembolsos de pasivos por arrendamiento |
| - | (44) | (91) |
Intereses de arrendamiento pagados |
| - | (3) | (4) |
Otros intereses pagados |
| (1) | (3) | (1) |
| ||||
Efectivo neto (utilizado)/generado por actividades de financiación |
| 74 | (57) | 6,314 |
| ||||
Flujos de efectivo de actividades de inversión |
| |||
Pagos por propiedades, planta y equipo |
| (2) | (6) | (136) |
Compra de intangibles |
| (40) | - | (175) |
| ||||
Efectivo neto utilizado por actividades de inversión |
| (42) | (6) | (311) |
| ||||
(Disminución) / aumento neto de efectivo y equivalentes de efectivo |
| (787) | (276) | 4,598 |
Ganancia en divisas |
| 28 | 8 | 44 |
| ||||
Aumento / (disminución) neto de efectivo y equivalentes de efectivo |
| (759) | (268) | 4,642 |
Efectivo y equivalentes de efectivo al inicio del período |
| 5,557 | 915 | 915 |
| ||||
Efectivo y equivalentes de efectivo al final del período |
| 4,798 | 647 | 5,557 |
1. Legal status and activities
La actividad principal de ADVFN PLC ("la Compañía") y sus subsidiarias (en conjunto, "el Grupo") es el desarrollo y suministro de información financiera, principalmente a través de Internet, servicios de investigación y el desarrollo y explotación de sitios de Internet auxiliares.
The principal trading subsidiaries are All IPO Plc (strike off applied for), InvestorsHub.com Inc and N A Data Inc,
The Company is a public limited company which is quoted on the AIM of the London Stock Exchange and is incorporated and domiciled in the UK. The address of the registered office is Suite 28, Essex Business Centre, The Gables, Fyfield Road, Ongar, Essex, CM5 0GA.
The registered number of the company is 02374988.
2. Basis of preparation of the half-year report
These condensed interim financial statements have been prepared in accordance with IAS 34, "Interim Financial Reporting".
The financial information does not include all the information required for full annual financial statements. The same accounting policies and methods of computation have been followed in the interim financial statements as compared with the full audited financial statements and should be read in conjunction with the consolidated financial statements of the Group for the year ended 30 June 2023, which were prepared under applicable law and in accordance with UK-adopted international accounting standards.
The unaudited consolidated interim financial information is for the six-month period ended 31 December 2023. These financial statements were approved for issue on 19th March 2024.
Los estados financieros se presentan en libras esterlinas (£) redondeados al millar más cercano, excepto donde se especifique lo contrario.
The interim financial information has been prepared on the going concern basis which assumes the Group will continue in existence for the foreseeable future.
No material uncertainties that cast significant doubt about the ability of the Group to continue as a going concern have been identified by the directors. Accordingly, the directors believe it is appropriate for the interim financial statement to be prepared on the going concern basis.
The principal risks and uncertainties of the Company remain the same as those reported in the consolidated financial statements of the Group for the year ended 30 June 2023. The critical estimates and judgements remain the same as those applied to the consolidated financial statements for the Group for the year ended 30 June 2023.
The interim financial information has not been audited nor has it been reviewed under ISRE 2410 of the Auditing Practices Board. The financial information presented does not constitute statutory accounts as defined by section 434 of the Companies Act 2006. The Group's statutory accounts for the year to 30 June 2023 have been filed with the Registrar of Companies. The auditors, Saffery Champness LLP reported on these accounts and their report was unqualified and did not contain a statement under section 498(2) or Section 498(3) of the Companies Act 2006.
3. Pérdida por acción
| meses a 6 | meses a 6 | meses a 12 |
31 Dec 2023 | 31 Dec 2022 | 30 de junio de 2023 | |
000 £ | 000 £ | 000 £ | |
Loss for the year attributable to equity shareholders from continuing operations |
(531) |
(622) |
(1,856) |
Loss for the year attributable to equity shareholders from total operations |
(531) |
(622) |
(2,169) |
Acciones | Acciones | ||
Número medio ponderado de acciones | |||
Number of shares in issue prior to rights issue (prior year: weighted average) | 46,004,758 | 26,315,318 | 26,315,318 |
Correction for deemed rights issue | - | 169,179 | 169,179 |
Deemed number of shares before rights issue | 46,004,758 | 26,484,497 | 26,484,497 |
Acciones medias ponderadas | |||
26,484,497 x 188/365 (prior to rights issue) | - | - | 13,641,330 |
46,004,758 x 177/365 (post rights issue) | - | - | 22,309,157 |
Total weighted average number of shares | 46,004,758 | 26,484,497 | 35,950,487 |
Loss per share for the year attributable to equity shareholders from continuing operations: | |||
Básico y diluido | - | - | (5.16p) |
Total loss per share for the year attributable to equity shareholders: | |||
Básico y diluido | (1.16p) | (2.35p) | (6.03p) |
Basic and diluted loss per share as previously stated | - | (2.36p) | - |
Where a loss has been recorded for the year the diluted loss per share does not differ from the basic loss per share.
Where a profit has been recorded but the average share price for the year remains under the exercise price the existence of options is not normally dilutive. However, whilst the average exercise price of all outstanding options is above the average share price there are a number of options which are not. Under these circumstances those options where the exercise price is below the average share price are treated as dilutive.
During the year to 30 June 2023, the company made a rights issue. The prior year earnings to 31 December 2022 have been restated to allow for the effects of this rights issue.
4. Dividends
The directors are not recommending payment of an interim dividend in the current financial year.
5. Events after the balance sheet date
An application for strike off has been submitted for All IPO Plc, in line with the strategic plans for the business.
In February 2024 a partnership agreement was signed with Prodesfin S.r.l in relation to the creation and maintenance of an ADVFN Italian website.
The company is in the process of issuing proceedings against a former director in order to seek damages for various breaches of fiduciary duty. The Company is also in the process of issuing proceedings against Online Blockchain PLC for monies transferred to that company.
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.