IN BRIEF: IQGeo shares drop despite interim revenue more than doubling

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IQGeo Group PLC - provider of geospatial productivity and collaboration software for the telecommunications and utility network industries - Reports a narrowed loss in the first half of 2023, amid sharply higher revenue, and says it has a ‘very positive’ outlook for its target markets in the year as a whole. Pretax loss narrows to £177,000 in the six months ended June 30, from £483,000 the previous year. Revenue more than doubles to £20.5 million from £9.2 million. Says its performance remains in line with expectations and is ‘very positive’ about the outlook for its target markets.

Current stock price: 266.00 pence, down 8.3% in London on Monday morning

12-month change: up 76%

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