Home > News > Ntera reports losses of 32 million
June 15th, 2008
Ntera reports losses of 32 million
Abstract:
Ntera, a nanotechnology spin-off from University College Dublin, has racked up losses of more than 32 million as it attempts to develop and market its technology.
The firm was founded in 1997 and attracted about 25 million in funding from venture capitalists during the technology boom of the late 1990s.
However, it made a net loss of 2.5 million in 2006, bringing its total losses to 32.7 million, and leaving it with a deficit of 26.3 million.
The company is reliant on the support of its creditors and shareholders to continue as a going concern," according to its accounts.
Source:
sbpost.ie
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