Infrastrata books £3.0m in revenues over latest quarter
London-based firm Infrastrata said on Wednesday that the recent macro-economic recovery had directly translated into increasing contract values and higher client spend.
For the 11 months ended 30 June, Infrastrata said it had locked in revenues of roughly £9.0m, with approximately £3.0m being booked in the latest quarter.
The AIM-listed firm said growth momentum had been established within the renewables, defence and cruise and ferry markets and added that it was now performing in line to meet expectations on revenues for the 17 month period ending 31 December.
Chief executive John Wood said: "We continue to make solid commercial progress and we are building a significant pipeline of opportunities with a near-term focus on renewables, defence and cruise and ferry, where we are seeing the most traction.
"Our current focus is absolutely clear: to convert opportunities to contracts as quickly as possible and increase organic cashflows so as to be in an annualised cash break-even position by the end of the current calendar year."
As of 1310 BST, Infrastrata shares were down 2.38% at 24.89p.