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Visum Technologies on Tuesday said it must diversify its product offerings as it reported marginally higher revenue and its pretax loss narrowed slightly.
Visum Technologies is a London-based company providing video technology for the leisure sector.
Revenue more than doubled in the year to June 30, rising to £129,889 from £62,593 year-on-year, but remained insubstantial.
Pretax loss narrowed to £831,115 from £925,568 in the prior year. Administrative expenses decreased by 12% to £849,499 from £965,412.
Chief Executive Officer Marc Dixon said the company has expanded into the photo capture market and has ‘several orders already in the pipeline for 2025’.
‘While we are encouraged by these developments, it is clear that Visum must continue to diversify its product offerings and client base to remain competitive and ensure long-term viability.’
Chair Andrew Edge said the company had faced several challenges during the year but had ‘added a number of modest new clients’.
He said the business environment has been affected by ongoing geopolitical tensions, cost of living pressures and political uncertainties impacting theme park attendance.
‘Visum must continue attracting key clients and expanding its product offerings to remain competitive and ensure long-term sustainability. Moreover, adequate cost controls are more important than ever, and both the board and the CEO remain committed to ensuring these measures are firmly in place,’ Edge said.
Visum Technologies shares are quoted at 0.15 pence and last traded at 0.05 pence on November 29 on the Aquis Exchange.
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