GoTech operating losses widen

Operating losses at GoTech, the sports and wellbeing focused technology company, rose to £288,000 in the six months to the end of March - up from £257,000 last time.

Revenues were £35,000 (2016: nil) while administrative expenses of £315,000 were up from £257,000 a year ago.

Chairman A Humphreys said: It is nearly a year since the Company commenced trading on AIM with significant advances achieved during this time resulting in the transformation of GoTech into a technology company focused on innovation in physical education and sport tracking and performance.

"Amongst other things, we have: streamlined the business; strengthened our strategy; initiated a new innovative programme; changed the company's name to better reflect its business interests and stated strategy; launched a new corporate website; and bolstered our Board and management.

"Our core focus remains on Skills2Achieve, a digital, physical literacy assessment programme for the UK school market.

"Developed with the Youth Sport Trust, a leading charity for sports-driven and educational programmes, S2A aims to improve the health and wellbeing of young people, drive achievement and impact whole school improvement."