Sabien Technology 1H Pretax Loss Widened on Lower Revenue – MarketWatch

By Joe Hoppe
Sabien Technology Group PLC said Thursday that its pretax loss widened for the first half of fiscal 2022 on lower revenue.
The provider of energy-reduction technologies posted a pretax loss of 569,000 pounds ($747,382) for the six months ended Dec. 31, compared with a loss of GBP310,000 in the year-earlier period.
Revenue fell to GBP121,000 from GBP412,000 the prior year.
The company said it has a forward order book of GBP404,000, of which at least GBP345,000 is expected to convert to revenue before the end of fiscal 2022.
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