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Marketplace for personalised products Altitude Group booked a full-year loss, owing to higher spending in the US and lower UK exhibition sales.
Pre-tax losses for the year through December amounted to £2.8m, compared to a profit of £125k on-year.
Revenue rose to £6.6m, up fro £6.1.
On an adjusted level, the company booked an operating loss of £0.8m, which it said was principally due to pre-revenue operating cost investment in the US, plus a declining contribution from UK exhibitions and publications.
At 2:23pm: (LON:ALT) Altitude Group PLC share price was -9.5p at 106.5p