All eyes on InterX results

NEWS Struggling web-publishing software vendor InterX will publish its end of year results tomorrow and reveal whether its restructuring plans have started to pay off. Analysts expect the company to report a pre-tax loss of more than £20m when it unveils the figures on Tuesday. Last quarter, the company said it would find new revenue streams from new products to reduce its rapid cash-burn. In May, it reported revenue had halved in the space of just three months to only £985,000. At the time it had cash reserves of £20m, but its spend rate was on course to use all of that in just 18 months. In January, the firm laid off a quarter of its workforce and replaced CEO Philip Crawford with InterX stalwart Simon Barker. Last year, it changed its focus from hardware to software with the £226m purchase of Cromwell Media. For related news see:
InterX slump prompts staff shares rejig
http://www.silicon.com/a43589
InterX reaches for restructuring lifeline
http://www.silicon.com/a43521
InterX gloom deepens
http://www.silicon.com/a43115
InterX staff out of luck in cost cutting measures
http://www.silicon.com/a42950