Isle of Man based text messaging company Plus SMS more than doubled its annual loss to almost £6 million but says it still expects solid results next year.
In February, the firm predicted it would earn £9 million and break-even by March next year.
Chief financial officer Les Coates says a new management team was appointed last September and a new business strategy would help profitability.
The company is not paying a dividend for the year.
Manx Whisky Company 'proud' to bring gold awards back to the Isle of Man
Small Baldrine-based distillery wins big on the world stage
Green Lounge gets approval
Consumption passes open today
Product recall issued after asbestos found in sand
Unclear whether craft set is available in Isle of Man shops
Island set for 'Uber Eats style' delivery service
Hopes Dazzler will become 'centralised platform' for Manx eateries
