Feedback losses narrow

Feedback posts an after-tax loss of £183,156 for the year to the end of May (2015: loss £1,111,433).

Revenue for the year was £431,454 (2015: £381,970).

Chairman Dr A J Riddell said: "We remain encouraged by the continued interest shown in TexRAD and the number of research papers being published which highlight its numerous potential applications.

"The high level of purchase orders for TexRAD research versions which have been received after the year end should lead to a substantial increase in revenue in the second half of the 2016/17 year and growth in revenue for the year as a whole."

At 9:43am: (LON:FDBK) Feedback PLC share price was +0.13p at 2p