Business
Why the MyFiziq (ASX:MYQ) share price is rising today
The MyFiziq Ltd (ASX: MYQ) share price is gaining today as the company announced its half-yearly results after the close of trade on Friday.
Shares in the small-cap image capture and dimensioning technology provider are currently trading 2.09% higher, at a price of $1.96.
Strong revenue growth
The MyFiziq share price has shot up over the past month as the company’s revenue surged. For the half-year ending 31 December 2020, revenue rose 150.3% to $887,092.
However, this did not stop the company from slumping to a substantial half-year loss of $5.47 million, up from $2.9 million in 2019. The loss includes extensive share-based payments to suppliers, directors and employees under the company’s incentive plans. In addition, MyFiziq…
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