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31-May-2022 01:24 PM

IN BRIEF: Tern investee FundamentalVR raises cash in funding round

Tern Plc - investor focused on the internet of things - Says FVRVS Ltd - also known as FundamentalVR - raises £7 million in new equity investments through a series B fundraising round. The money has been raised from existing investors, with a furt
28-Mar-2022 08:15 PM

IN BRIEF: Tern commits to exercise warrants in Wyld Networks

Tern PLC - investor focused on the internet of things - Says it has committed to exercise the 320,454 TO1 warrants in Wyld Networks AB which represents all of the warrants that were issued to Tern in conjunction with Wyld Networks' initial public
23-Mar-2022 08:53 PM

TRADING UPDATES: Arecor Therapeutics wins patent approval in US

The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Hydrogen Utopia International PLC - London-based company specialising in turning non-recyclabl
31-Mar-2021 08:58 AM

Tern swings to profit on higher investment income

Internet of things investor Tern swung to a full-year profit amid a rise in investment income. Investment income increased to £2.14 million, up from £0.42 million year-on-year, and net assets per share rose to 7.3p, up from 7.0p. Despite a c
21-Sep-2020 08:41 AM

Tern swings to profit on Device Authority valuation gain

Internet of things investor Tern swung to a first-half profit, driven by an exchange rate gain on an investment. Pre-tax profit for the six months through June amounted to £0.14m, compared to a loss of £0.62m on-year. Tern's net asset v
05-May-2020 09:43 AM

Tern posts annual loss as expenses weigh

Internet of things investment company Tern posted a full-year loss, as expenses offset a rise in fee income. Pre-tax losses for the year through December amounted to £0.78m, compared to losses of £0.31m. Net assets grew 20% to £18.9m.
12-Nov-2019 08:13 AM

Tern says portfolio company revenue rising; on track to meet guidance

Internet of Things investor Tern said revenue generated at its six portfolio companies had grown in the nine months through September. Since the end of June, the group said it had invested £1.10m in its portfolio companies, predominantly in the for
25-Sep-2019 09:40 AM

Tern posts first-half loss; though net asset value climbs

Internet of Things company investor Tern booked a first half loss, owing to higher operating costs and lower valuation increases. Pre-tax losses for the six months through June amounted to £0.62m, compared to £0.22m. The company's net a
19-Mar-2019 09:24 AM

Tern posts annual loss despite rising revenue

Internet of Things investment company Tern posted an annual loss after increased turnover was more than offset by expenses. Pre-tax losses for the year through December amounted to around £313k, narrowing from losses of £1.7m on-year. '
17-Sep-2018 08:30 AM

Tern losses narrow amid focus on cost control

Internet of Things company investor Tern said its first-half losses narrowed to £222k, reflecting a closer focus on cost management. Pre-tax losses for the six months through June had narrowed from a £469k loss on-year. Net assets rose to &p
03-May-2018 08:19 AM

Tern portfolio company launches home oxygen platform

Tern's portfolio company InVMA has launched its Clarity platform, developed on behalf of GCE Healthcare, to the market. InVMA, in which Tern has a 50% holding, will receive a subscription payment with every Clarity sale by GCE Healthcare. This foll
27-Mar-2018 02:29 PM

Tern swings to annual loss as value of investments falls

Internet of things investor Tern said it swung to an annual loss as the value of its investments fell. The company booked a pre-tax loss of £1.7m, compared to a £5.3m profit in 2016. The company said the strengthening of sterling throughout
28-Dec-2017 07:30 AM

Tern takes part in DA financing deal

Internet of Things investment company Tern says its 56.8%-owned investee business DA has received commitment for a convertible secured loan of up to $1,688,684 from DA's existing shareholders, including Tern. Tern has committed to contributing up t
13-Dec-2017 02:04 PM

Turn to issue shares

Tern has confirmed that the Company is to issue and allott 10m new shares at 2.75p apiece in respect of the conversion of £275k of the loan note, announced on 30 November. At 2:03pm: (LON:TERN) Tern Plc share price was 0p at 2.63p Story provi
04-Dec-2017 02:26 PM

Tern to issue 800k shares

Tern has announced that it will issue and allott 800,000 shares pursuant to the exercise of a share warrant exercisable at 3p per share. At 2:26pm: (LON:TERN) Tern Plc share price was +0.01p at 2.88p Story provided by
13-Sep-2017 07:47 AM

Tern completes acquisition of Wyld Research for £78,000

Tern completed the acquisition of the assets, including the intellectual property, of Wyld Research for £78,000 and 10% of Wyld Technologies. Gene Myers, the founder and CEO of Wyld, will become the Chief Technical Officer of Wyld Technologies. Wy
31-Aug-2017 08:37 AM

Tern investee company wins five-year contract

Tern's investee company Device Authority has signed a five-year contract for its Automated PKI, Secure Gateway Provisioning & Registration and Credential Management with a global manufacturer and vendor of Machine to Machine and Internet of Things de
14-Aug-2017 09:04 AM

Tern raises £600,000 to invest in InVMA

Tern, an investment company focused on the Internet of Things, raised gross proceeds of £603,109.76 from a share placing. It planned to raise approximately £300,000 (before expenses) at an issue price of 6.6 pence per share. The company de
04-Jul-2017 07:26 AM

Tern folio firm to acquire Wyld Research's asset

Tern Plc said portfolio company flexiOps Ltd (flexiOps) has signed a term sheet to acquire the assets of Wyld Research Ltd (Wyld). Upon completion, flexiOps would acquire all of the assets including the intellectual property of Wyld Research for £7
02-Jun-2017 02:31 PM

Tern changes registered office

Tern has confirmed that it has changed its registered office address to 27/28 Eastcastle Street, London W1W 8DH. At 2:31pm: (LON:TERN) Tern Plc share price was +0.13p at 9p Story provided by
06-Feb-2017 04:10 PM

Broker Forecast - Whitman Howard issues a broker note on Tern Plc

Whitman Howard today initiates coverage of Tern Plc (LON:TERN) with a buy investment rating and price target of 15p. Story provided by
24-Jun-2016 07:53 AM

Tern completes acquisition

Tern (TERN) completed the acquisition of the assets and businesses of the Research and Multi Cloud Management divisions of Flexiant. The company partnered with Flexiscale Technology, which acquired the remaining FCO business unit. The businesses and ass
09-Jun-2016 07:34 AM

Tern Plc acquisition of Flexiant Ltd fails

Tern Plc's proposed acquisition of Flexiant Ltd is not proceeding. "As the conditions have not been met the acquisition as outlined will not proceed," Tern said in a statement. "Discussions are continuing and further updates will b
21-Apr-2016 07:52 AM

Tern Plc's Cryptosoft acquires Device Authority Inc

Tern Plc investee company Cryptosoft Ltd has acquired the entire share capital of Device Authority Inc, a specialist in authentication software based in California. The acquisition is by way of a share for share exchange, and will be financed by the issu
26-Jan-2016 07:40 AM

Tern Plc more than trebles FY pretax loss

Tern Plc has booked a FY pretax loss of GBP 0.185m, from a prior-year loss of GBP53,695. Revenue improved to GBP0.16m, from GBP41,000. Administration costs were much higher, and there was a share-based payment charge. Executive chairman Angus Forrest sai

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