I-Nexus Global (INX)

Sector:

IT Services

Index:

FTSE AIM All-Share

 2.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 4.90
  • 52 Week Low: 2.25
  • Currency: UK Pounds
  • Shares Issued: 29.57m
  • Volume: 0
  • Market Cap: £0.81m
  • RiskGrade: 605

I-Nexus restores sales pipeline to pre-pandemic levels

By Iain Gilbert

Date: Tuesday 08 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Cloud-based software solutions provider I-Nexus Global said on Tuesday that its sales pipeline had been restored to pre-Covid-19 levels.

I-Nexus said its sales pipeline now comprised live opportunities with a potential estimated total annualised recurring revenue value of approximately £1.8m and added that it was now operating at a monthly profit and loss break-even ratio after monthly operating costs were reduced to £360,000 from £850,000.

The AIM-listed group highlighted that its summer 2020 product release had been "positively received" by both existing and prospective customers and said it had inked contracts with both new and existing clients.

In terms of financing, I-Nexus added that it had been unable to secure access to additional funding and warned that the group would likely experience "a modest cash shortfall" by the end of the calendar year, but stated it should return to a positive cash balance from February 2021.

As of 1110 BST, I-Nexus shares had surged 67.16% to 5.60p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

I-Nexus Global Market Data

Currency UK Pounds
Share Price 2.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 4.90
52 Week Low 2.25
Volume 0
Shares Issued 29.57m
Market Cap £0.81m
RiskGrade 605

I-Nexus Global Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.36% below the market average18.36% below the market average18.36% below the market average18.36% below the market average18.36% below the market average
18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average
Price Trend
54.14% below the market average54.14% below the market average54.14% below the market average54.14% below the market average54.14% below the market average
56.04% below the sector average56.04% below the sector average56.04% below the sector average56.04% below the sector average56.04% below the sector average
Income Not Available
Growth
31.67% below the market average31.67% below the market average31.67% below the market average31.67% below the market average31.67% below the market average
31.76% below the sector average31.76% below the sector average31.76% below the sector average31.76% below the sector average31.76% below the sector average

I-Nexus Global Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

I-Nexus Global Key Personnel

CEO Simon Peter Crowther
CFO Drew Whibley

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