Dev Clever (LSE: DEV) is pleased to announce its unaudited interim results for the six months ended 30 April 2021 ( the Period ). Financial Highlights: · Revenue up 531% at £2.4m for the Period (H1 2020: £383k) and supported by significant contract wins in the Educate division. · EBITDA loss of £162k (H1 2020: loss of £561k), which includes non-cash share-based expenses of £201k (H1 2020: £44k). · Adjusted [1] loss after tax of £92k (H1 2020: loss of £551k). · Cash position at period end of £9.7m (H1 2020: £472k). This is after further investment in intangible assets including the acquisition of intellectual property rights of £4.4m from Veative Labs Pte Limited ( Veative ) and further investment in the Launchyourcareer.com platform of £1.0m in advance of the India activation with the National Independent Schools Alliance ( NISA ). Cu
Dev Clever Holdings plc, together with its wholly owned subsidiary DevClever Limited, is a software and technology group based in Tamworth, United Kingdom, specialising in the use of lightweight integrations of cloud-based VR and gamification technologies to deliver rich customer engagement experiences across both the education and commercial sectors. In January 2019, Dev Clever listed on the Standard List of the London Stock Exchange. The Group s core focus is the development and commercialisation of its core platforms - Educate (its primary focus) and Agency Services (its secondary focus). Through Educate, Dev Clever aims to reduce the global skills shortage by delivering an enhanced careers guidance service via its online platform, Launchyourcareer.com, and virtual reality software (Victar VR). The business has established a global partnership with Lenovo to roll its service worldwide, with offerings already on the market in the UK, US a
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