i-design, the developer and supplier of the market-leading ATM advertising solution, atmAd, is pleased to provide the following update on trading for the financial year ended 30 September 2010.
Total revenues in the second half of the year were significantly higher than in the first half and for the financial year as a whole, revenues are expected to be approximately £2.2 million. The loss before tax for the year is anticipated to be better than current market forecasts. i-design's cash position at the year end is expected to be in line with current market forecasts, at approximately £0.75 million.
We have seen encouraging progress in the second half and expect this upward momentum to continue. The Directors look forward to updating shareholders further on trading and prospects when final results are issued in December 2010.