Megabuyte - Technology sector intelligence

We recently initiated coverage on insurance sector software vendor 1st The Exchange but were not able to add much value on the financials because no meaningful accounts existed for the company in its current form. However, the company has now issued accounts although only for a truncated year so we still don’t get the full picture. Nevertheless, there are some interesting pointers in the accounts about the financials of the new entity, its balance sheet structure and details of the recent acquisition of N4.

Mobile Weekly - falling costs driving femtocell and m2m deployments

Our Mobile Weekly today looks at two areas of the mobile space where rapidly falling equipment costs and improving technology are tipping potential returns on investment into no-brainer territory, spurring significant growth in demand – femtocells and machine to machine (m2m). Read our full analysis on the subject in Newswire Plus.

Tardy Lombard issues 2010 results

In what surely must be the very last March year end company to announce its 2010 results, banking software supplier Lombard Risk Management has issued its figures which show broadly flat revenues and continuing losses. Revenues for the year were £9.0m, up 3% on 2009 and the underlying loss before tax was £1.3m, up from £1.1m in 2009. Following a £1.6m fundraising in October last year, net cash at the year end was £0.7m. In contrast to the 2010 results, trading in the first four months of the current year has been much improved. Premium subscribers can read the full story in Newswire Plus.