Losses triple up at iCreate

• For the year ended December 31, 2019, iCreate Ltd. reported a net loss of $45.95Mn (EPS: -$0.24), which is a 209.5% (or $31.10Mn) increase when compared to the $14.84Mn (EPS: -$0.08) loss that was made one year prior.
• This outturn was primarily driven by a 66.4% (or $21.98Mn) increase in total expense and a 518.8% (or $10.87Mn) increase in finance costs, which was outstripped the 44.9% (or $14.31Mn) increase in revenue.
• The company’s stock price has fallen 30.0% since the beginning of the year to end Thursday’s trading session at $0.49.

 (Source: iCreate Financials)