SCi Posts Poor Results
It's been a bad week for financial results and whatnot, SCi is the latest casualty
SCi is today's walking wounded in the world of tech stocks, as they post losses of some £1.7m from the fifteen month period to September 30th last year. In order to try and recoup this loss, they have to rely on their new US distribution deal with SVG, a three year deal which could make them approximately $4.3m through PR and marketing in the new US office. The CEO of SCi, Jane Cavanagh, was commenting on the deal, saying that "By establishing a North American publishing operation, we will significantly improve margins and increase control over launch dates and marketing." By no means a bad thing. She went on, "By working exclusively with SVG we will minimise overheads and benefit from the strength of SVG's extensive distribution channels." We'll see you next quarter.