OneView reports 75% hike in H1 revenue

Retail sector software provider OneView has reported 75% hike in half year revenue to $1.8m and a $2.7 pre-tax loss (2016: $2.4m loss).

It says recurring revenue increased by 359% to $0.9m and the cash position at the period end (30 September 2017) was $0.6m.

Stuart Mitchell, CEO of OneView, commented: 'The company is now debt free and well positioned with solutions that allow retailers to respond to the digital revolution within their industry.

'The pipeline of new opportunities is solid although the precise timing of closure of new business remains difficult to forecast owing to the characteristically long sales cycles of the market in which we operate.

'Whilst the company has limited working capital and remains reliant on continued support from its shareholders the Board views the future with cautious optimism.'