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IDE's post-tax loss for the period ending 30 June 2019 was reduced to £2.9m from £35.5m as announced in its half year report.
Revenue dropped to £14.7m from £21.8m, despite significant customer multi-year contract renewals, including a 3-year contract for cloud and hosting with a total value of £1m.
A new partnership with a global IT services company was also announced as a first project started post-period end in August.
In January 2019 the company announced a proposed fundraising of £10m by the way of the issue of secured loan notes in order to fully repay the group's bank facilities and provide additional working capital.
The first tranche of loan notes was issued in January with the remaining loan notes issued in February and March following which the Group's bank facilities were fully repaid.
Commenting, Hardide's executive chairman said:
'We saw this as a very positive step as the group now has secure, long term funding and no external debt as the loan notes are held solely by shareholders of the Company, predominantly the three largest, two of whom are also represented on the Board.'