We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tadpole Tech. | LSE:TAD | London | Ordinary Share | GB0008705930 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.70 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:0104O Tadpole Technology PLC 14 February 2008 Tadpole Technology plc Interim Management Statement Tadpole today issues its first Interim Management Statement for the period 1st October 2007 to 14th February 2008 as required by the UK Listing Authority's Disclosure and Transparency Rules Operating Results Operating results for the first quarter (the three months ending 31st December 2007) were broadly in line with expectations. Slightly lower than forecast revenues were more than offset by lower than forecast operating expenses resulting in a small positive variance in the planned operating loss for the quarter. Compared with the first quarter last year, revenues were significantly higher due to increased licensing fees. However the operating loss was only slightly lower than last year due to a planned growth in operating expenses, which increased by 43% with total personnel in the first quarter averaging 51 compared with 29 in the same period last year. To secure interim funding, 20,000,000 shares were placed with an institutional investor during the quarter; however the company's balance sheet remains weak primarily due to historical factors. Sales Activities Sales activities increased markedly on the previous quarter. The sales methodology is predicated on driving potential customers through a proof of concept (PoC) process. Currently there are over 30 PoCs under way or scheduled. The comparative figure a year ago was 2. European interest in Software as a Service (SaaS) was driven partly by Microsoft related activities in Europe and partly by partner relationships crystallising. Talks are currently under way with a number of major system integrators to become preferred partners within their solutions portfolio. The number of active and qualified prospects in Europe continues to deepen with renewed interest in the Games on Demand arena as well broad interest in SaaS. Revenues from several SaaS opportunities are expected to start in quarter two of 2008. SaaS opportunities are polarized with several small and innovative customers seeking niche applications and larger telcos and distribution organizations taking more time to technically evaluate the products and the possible deployment issues. Logistically, the business experienced some difficulties in managing the relative rate of change in sale activities, resulting in some deployment and evaluation delays. Contract staff were hired to address this and a new head of service has been recruited to oversee customer trials and deployments. Direct sales of products into the application virtualization sector were slower than anticipated primarily due to prospects taking longer than expected to set up PoC pilots. The education market commenced a number of evaluations during the quarter and currently all trials and evaluations in this sector have been successful. US sales activities grew more slowly primarily due to restructuring of the US sales field operation. A new Vice President of US sales started at the beginning of the quarter. In the closing part of the period activity levels have increased with a number of new distribution and integration partners being signed. Management anticipates more focus on application virtualization solutions in the US relative to Europe. New telemarketing, sales, support and program marketing personnel were assigned during the quarter. A dedicated account team was set up specifically to target strategic level relationships with the major IT vendors. Pacific Rim sales activities historically have been disappointing and the company is reviewing its operations in this geographic sector. Marketing Activities The focus was primarily on achieving more web and analyst comment (of the Endeavors brand) using the launch of the Stream24-7.com and AppExpress Lite freeware products alongside the showcase of Application Jukebox in New York as the primary attractions. Favourable comment was made by several industry commentators. Sales demand generation activities continued to be developed and refined, and several direct email campaigns supported by telesales were initiated. Research and Development The next generation technology platform, Application Jukebox, was debuted during the quarter and production release is planned for March 2008. Several variants are planned for different market sectors and are scheduled for release during 2008.A number of new patents were conceived and are currently going through the application and approval process. During the quarter, the Company's US subsidiary, Endeavors Technologies, Inc., licensed several patents to games solution provider Exent. Financial Position The Company had anticipated completing a major funding round during the first quarter of 2008 and a Prospectus proposing a placing and open offer is in final draft form. However, current financial market conditions are not favourable and the Company has not yet received commitments from potential placees to the level that the Directors consider necessary to maintain existing operations and finance the planned growth, although the process is still ongoing. The Directors are also evaluating alternative options. This information is provided by RNS The company news service from the London Stock Exchange END IMSBBGDDSSBGGIS
1 Year Tadpole Chart |
1 Month Tadpole Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions