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Elecosoft said half-yearly revenue increased by 22% and added that it would focus efforts on generating positive cash flow in the second half of the year.
Unaudited revenue for the period increased by 20% compared with revenue for the same period last year. At constant rates of exchange, unaudited revenue would have increased by 22%.
Elecosoft continued to generate positive cashflow in the period and reduced its net debt from £2.1m at 31 December 2018 to £0.6m at 30 June 2019, the company said.
At 9:34am: (LON:ELCO) Elecosoft PLC share price was -0.5p at 77p