Artivision

Artivision: 2QFY14 net loss widened to $1.6m from loss of $1.3m in 2QFY12, on the back of negligible revenue of $2k (-71% y/y). This brought 1HFY14 net loss to $3m and revenue of $20k (-74%), comprising entirely from its video management equipment and solutions business, as no revenue was generated from media solutions. Adding to the horrible results, group increased share option expenses from the grant of additional share options, increased office rental and renovation cost for its new office, as well as incurred professional services from legal expenses on its proposed acquisition of Colibri Assembly Thailand. NAV decimated to 0.07cts (-87%).