WANdisco's shares fall as FY pre-tax loss reduced

Shares in WANdisco are down more than 6% after its full-year pre-tax loss came in at about a third of the prior period's.

Pre-tax loss for the period was $10.0m, from a loss of $31.0m. Revenue had improved to $11.4m, from $10.9m.

The active data replication specialist saw cash burn reduced, and its year-end cash rise. It was debt-free as at 31 December 2016.

"We continue to build on this momentum with a strong new business pipeline which, combined with a significantly reduced cost base together will further underpin our progress towards profitability," said chief executive David Richards.

At 14:36 GMT, shares in AIM-quoted WANdisco were down 6.37% to 500p each.