Cirata plc (CRTA.L), a collaboration software developing firm, on Wednesday reported a wider loss before tax in the first half, mainly hurt by finance costs, despite improved revenues.
Also, the company maintained its fiscal 2025 outlook.
On the LSE, the shares were trading 5.70% lower at 16.95 pence.
In the first half, loss before tax broadened to $13.39 million from a loss of $9.70 million in the prior year.
The firm's loss for the period, including discontinued operations, widened to $13.05 million from a loss of $8.9O million a year ago.
On a per share basis, loss widened to 11 cents from a loss of 8 cents last year.
Adjusted EBITDA loss, however, narrowed to $4.04 million from a loss of $8.61 million a year ago.
Revenue improved to $3.21 million from $1.37 million in the year ago.
Total revenues, including DevOps Revenue and DI Revenue, was $4.8 million, compared to $3.4 million last year.
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