Seeen narrows interim pre-tax losses

Media and technology platform operator Seeen said on Wednesday that it had narrowed interim pre-tax losses in the six months ended 30 June.

Seeen said revenues were up approximately 39% to $5.1m, as revenues per thousand venues shot up 45% to $1.14m but overall views declined 7% to 7.9bn.

The AIM-listed group cut its adjusted pre-tax loss from $1.1m at this point in 2020 to $900,000 at the same time a year later.

Chairman Dr Patrick DeSouza said: "We have executed the first half of our three-year plan, deploying EIS/VCT resources in building our video moments technology.

"We are now shifting towards a priority on sales and building our Go-To-Market team. We have a strong capital base for the next part of our corporate journey."

Elsewhere, Seeen said president of its MCN unit Scott Schlichter would stand down from the group with immediate effect, with Jake Desjarlais set to fill his shoes.

As of 1005 BST, Seeen shares were down 3.38% at 42.03p.