Imaginatik reports solid third quarter trading

AIM-listed Imaginatik said trading in the third quarter was positive, continuing momentum from the first half of the year.

The consultancy and technology products company said gross bookings for the three months to the end of December nudged up to £1.28m from £1.26m the previous year.

Imagintak signed five new clients in the quarter compared with six a year ago, across a range of industries including an international professional services firm, a global food services and facilities business, and a global defence and aerospace business.

The group said trading in the final quarter of the year is progressing well, with four further consultancy contracts, two of which are with new US customers, including “one of the world's most iconic apparel and footwear brands”.

Non-executive chairman Matt Cooper said: “This is another strong quarter of trading, marking a clear turning point in our revitalisation of Imaginatik.

“Having built a unique offering within the international innovation marketplace, we are seeing a steady flow of new customer numbers and a growing demand for our consulting and innovation advisory work to complement our robust technology offerings, leading to a more secure financial footing and exciting prospects for the future."

At 0947 GMT, shares were up 22% to 2.44p.