Aladdin Blockchain Technologies - Building blocks
Driven by non-recurring listing and acquisition fees of €2.1m, Aladdin reported an H1 net loss of €2.8m in its first set of interim results. Separately, the company has successfully uplisted to the regulated segment of the Düsseldorf exchange, while it continues to add electronic health records to its big data platform. Aladdin expects maiden revenues in H2, in addition to the launch of prototypes for its proof-of-concept blockchain ecosystem. The company had cash of €750k at end H118, with a monthly burn rate of c €250k, and is thus likely to seek additional financing during H2.
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