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Marketing software group Pelatro booked a fall in annual profit as rising revenue was more than offset by expenses.
Pre-tax profit for the year through December amounted to $1.0m, down from $2.5m on-year. Revenue rose 9% to $6.7m.
'Although it is still early in our year, revenue visibility already stands at $4.1m, with an encouraging pipeline of around $18m,' chairman Richard Day said.
'Despite some uncertainties introduced by the current coronavirus pandemic, we are maintaining our momentum in moving towards a revenue sharing business model alongside our licence offering, which gives us every confidence in the coming year and our future.'
At 8:51am: (LON:PTRO) Pelatro Plc share price was -6p at 47p