#VELA Vela Technologies PLC – Quarterly Investment Update June 10, 2024 – Posted in: Vela Technologies Plc (VELA)

The Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to report an update for the quarter ended 31 March 2024. Key numbers as at 31 March 2024* · The value of Vela’s total assets (including cash) decreased during the quarter by £640,000 (10%) to £5,540,000 (quarter to 31 December 2023 – a decrease of £639,000 to £6,180,000 (9%)). · Vela’s portfolio comprised a total of…

#VELA investee co. #CSFS Cornerstone FS – Final Results, Annual Report & AGM Notice May 8, 2024 – Posted in: Vela Technologies Plc (VELA)

Cornerstone FS plc (AIM: CSFS) (trading as Finseta), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, is pleased to announce its audited final results for the year ended 31 December 2023. In addition, the Company gives notices of its annual general meeting (“AGM”) and the publication of its annual report and accounts. Financial Highlights · Revenue increased 100% to £9.6m (2022: £4.8m) · …

#VELA investee co. #CSFS Cornerstone FS PLC – Interim Results September 12, 2023 – Posted in: Blog, Vela Technologies Plc (VELA)

Cornerstone FS plc (AIM: CSFS), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, is pleased to announce its unaudited interim results for the six months ended 30 June 2023. Financial Highlights · Revenue increased by 90% to £3.6m (H1 2022: £1.9m) through the continued expansion of the Group’s payments capabilities and offering, and on-going investment in the sales function · Gross margin broadly…

#VELA investee co. #MTI Wireless Edge LTD – Interim Results August 15, 2023 – Posted in: Blog, Vela Technologies Plc (VELA)

MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to today announce its financial results for the six month period ended 30 June 2023. ‘Significant improvement in Operating Cashflow – a steady performance and on track for the year’ Financial highlights · Revenues broadly level at US$22.4m (H1 2022: US$22.7m), held back by adverse currency translation. On a constant currency basis…

#VELA Vela Technologies PLC – Investee Company #CSFS Cornerstone FS PLC – Sale of Avila House December 23, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

Cornerstone FS Plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, is pleased to announce that it has entered into a share purchase agreement (“SPA”) for the sale of its non-core subsidiary, Avila House Ltd. (“Avila”), a registered small electronic money institution, to Aspire Commerce Ltd. (“Aspire”), trading as MulootMoney.com, the provider of payment accounts and lending services, for a consideration of £300,000 to be paid in cash on…

#VELA Vela Technologies investee #CSFS Cornerstone FS – Variation of Share Incentives Proposed Fundraising August 5, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces that it has agreed to vary certain share incentive arrangements, details of which are set out below, and its intention to raise approximately £1 million (before expenses) by way of a placing (the “Placing”) of new ordinary shares at a price of 6.5 pence per share and issue of a new convertible loan note, together…

#VELA Vela Technologies – Quarterly Investment Update July 22, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

The Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to report an update for the quarter ended 30 June 2022. Executive Director, James Normand, commented: “The Board is pleased to report a moderate increase in the portfolio valuation for the quarter, despite a challenging macro backdrop. Notwithstanding the uncertain economic outlook generally, including in the sectors represented by the Company’s portfolio, we remain positive about…

#VELA Vela Technolgies Investee – #CSFS Cornerstone FS – Final Results for the Year Ended 31 December 2021 June 30, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces its final results for the year ended 31 December 2021. In addition, the Company gives notices of its annual general meeting (“AGM”) and publication of its annual report and accounts, both of which are now available to download from the Company’s website at https://investors.cornerstonefs.com/document-centre/. Highlights · Admitted to trading on AIM and raised gross proceeds of…

#ORPH Open Orphan – Profitable outlook for 2022 February 18, 2022 – Posted in: Blog, Open Orphan (ORPH)

In just over two years Open Orphan (Open), a rapidly growing specialist contract research organisation (CRO), has built a high-growth London-based clinical trial business (hVIVO) supported by a European clinical services subsidiary (Venn). High demand for hVIVO’s challenge studies in respiratory infections,…