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| Date | 31 Mar 2025 |
| Time | 16:50:48 |
| Category | Miscellaneous |
| ID | 9914C |
31 March 2025
("Visum," the "Company," or the "Group")
Visum Technologies PLC (AQUIS: VIS), a video technology company focused on the global leisure market, announces its unaudited Half-Year Results for the period ended 31 December 2024. A copy of the Half-Year Results is available on the Company's website at: https://visumtechnologies.net/.
• Loss of £325,051.04 in the period under review with revenues of £85,288.91.
• Total net asset position £1,079,479.45 (2023: £1,404,530.49).
The Company is currently in a positive cashflow position as a result of the Convertible Loan Note as per the announcement released on 17 January 2025. This provided Visum with the bridge needed to get the Company to the Spring season during which current locations will open for the season, as well as new locations are currently in negotiation.
As of the date of this report, the Company's cash balance stands at £10,902.16. The Company anticipates additional funding in April and the commencement of summer trading, supporting its ability to continue as a going concern.
• In partnership with GoPhoto BV, the Company operated its second season at Rockefeller Center in New York City.
• Additionally, the Company has now installed two ride photo systems for various clients and continues to look at alternative revenue streams.
• In April 2025, the Company will reopen its existing sites in Europa Park and Linnanmaki.
• The Company has signed an extension with Linnanmaki to provide its ride video technology for an additional three years.
"Visum Technologies has strategically expanded its product offerings while actively exploring new and innovative revenue streams. All while maintaining an unwavering commitment to our core business and expertise in video capture technology, our dedication to delivering cutting-edge solutions continues to drive our growth and solidify our position as a trusted leader in the attractions market.
We remain focused on identifying and pursuing strategic partnerships that align with our core values and long-term vision. Our goal is to continually push the boundaries of innovation, deliver exceptional video capture experiences, and reinforce our leadership position within the attractions industry."
This announcement contains inside information for the purposes of the UK Market Abuse Regulation. The Directors of the Company are responsible for the contents of this announcement.
"The Company has navigated some difficult times but are commitment to innovation in video capture technology continues and will strengthen our position in the attractions market.
We remain focused on forging strategic partnerships that align with our core values and long-term vision and are committed to innovation, expansion, and delivering exceptional value to our stakeholders. I extend my gratitude to our partners and shareholders for their support."
For further information, please contact:
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Visum Technologies PLC |
+011 (1)804 640 3003 |
|
Marc Dixon, Chief Executive Officer |
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Visum Technologies PLC |
+353 (87)108 8646 |
|
Andy Edge, Chairman |
|
|
First Sentinel (AQSE Corporate Adviser) |
+44 (0) 20 3855 5551 |
|
Brian Stockbridge |
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Visum Technologies is an AQUIS-quoted provider of video capture technology services. The Company specialises in video solutions for the travel and leisure market. The Company has an experienced management team who have deployed systems across this sector for over 50 years of combined experience.
Certain statements in this announcement are or may be considered forward-looking. Forward-looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should," ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect," ''will'' or the negative of those, variations, or comparable expressions, including references to assumptions. These forward- looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital, and other expenditures (including the amount, nature, and sources of funding thereof), competitive advantages, business prospects, and opportunities. Such forward-looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.
