This looks a cracker!
A company covered here providing specialist energy and water efficiency solutions has just delivered fabulous results and looks well-placed to benefit from the growing focus on energy and water efficiency. Elsewhere a videogame developer reassured with its latest update, although it could still struggle to deliver the sort of consistency stock market investors look for. Read on for this and other news.
OnTheMarket: still delivering missed messages OnTheMarket (AIM: OTMP), the majority agent-owned company which operates the OnTheMarket.com property portal, announced results for the year ended 31 January 2022. As we have commented previously here, this quasi-mutual business makes for a strange stock market animal. While revenue climbed 32% to £30.4m, the final outcome was an operating loss of £645k, this after £1.6m was incurred in share-based agent recruitment charges and marketing expenditure was lifted 80% to £10.6m. More positively OTMP is migrating a growing number of its agent customers from discounted rates towards full-tariff contracts. In a desperate bid to try…