The commercialisation firm, which has had a tumultuous 2017 so far that included a $146.6m writedown and the appointment of a new CEO, has had losses increase to $58.2m.
US-based commercialisation firm Allied Minds has revealed it made a $58.2m loss on revenues of $2m in the first half of the year, the Financial Times reported yesterday.
The figures mark an increase over the same period last year, when Allied Minds had revenues of $1.3m and $52.2m in losses. The firm’s mounting losses and dropping share price mean Allied Minds recently also dropped out of the FTSE 250.
The news follows Allied Minds appointing Jill Smith as its interim…
