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Lottery and e-commerce technology group St James House booked a deeper annual loss as expenses rose.
Pre-tax losses for the year through January amounted to £2.8m, compared to losses of £0.7m on-year.
Revenue rose to £0.9 from £0.5m.
'The period covered by these accounts was a difficult and challenging one for all of us working in the group, as well as for our shareholders,' chief executive Graeme Paton said.
'Since the new year, we believe we have made solid progress, and approach the second half of the year with optimism and confidence.'
At 2:27pm: (LON:SJH) share price was +2.5p at 32.5p