dorsaVi Ltd.’s Revenue rise and reduction in losses

Revenue rise and reduction in losses:dorsaVi Ltd.’s (ASX: DVL) stock surged 2.67% on March 16, 2017. The group recently reported that UK’s Network Rail Ltd will use group’s ViSafe for workplace safety assessments (understanding movement related with the work undertaken by its overhead contact system and track maintenance teams). The group is thus building a strong customer base. DVL had reported a 33.8% rise in revenues to $1.73 million for the first half of 2017 as compared to $1.29 million in the prior corresponding period. Its US customer revenue for the half year reached $518k which exceeded the full year US FY16 customer revenue of $454k. Moreover, DVL’s after tax loss of $1.26 million has reduced from $3.11 million in the prior corresponding period. The company has invested $714k in the six months to expand its product portfolio.

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