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DeepMatter saw its first period of revenue generation for the combined Group with revenue of £0.22m delivered.
The company announced a loss of £1.62m after tax (H1 2018: £0.98m loss), primarily attributed to the one-off costs of the InfoChem acquisition.
An equity placing at 2.5 pence per share raised gross cash proceeds of approximately £4.0m during the period.
Mark Warne, Chief Executive Officer of DeepMatter, commented:
'DeepMatter has continued to deliver against its strategic roadmap by reaching several key milestones in the Group's journey. The imminent completion of our successful Pioneer Programme and the continued deployment of DigitalGlassware demonstrates that the scientific community is embracing the move towards the digitization of chemistry and DeepMatter remains at the forefront of driving this vision.'
'The acquisition of InfoChem and the additions to our team of experts has further enhanced our capabilities. We enter the second half of the year with a rapidly expanding pipeline of opportunities that will enable DeepMatter to further deploy our technology and focus on the continued monetisation of the platform. We remain confident about the future and, with a robust strategy in place, look forward to driving our vision and achieving our long-term objectives.'