Invu inches closer to profitability

We’ve been writing about AIM-listed document management software firm, Invu, for years (starting with Invu revenues soar). But in recent times the news has not really been that good (e.g. see Invu battles on). Probably the best we can say about Invu’s FY results (for the year to 31st Jan) is that they are nearly back in profit. But a stark warning from CEO Colin Gallick that Q1 has been ‘challenging’ with sales lead times lengthening does not inspire confidence. But just for the record, headline revenues rose by 8% to £2.7m, and operating losses declined to £101k.

Invu’s shares are virtually at noise level (0.3p) valuing the company under £500k. The executive management share option incentive clips in at 1.75p, so all they have to do is see the stock increase six-fold and they can break out the champagne.