Intune Networks lost €10.9m in first year

Intune Networks, which has raised more than €60 million from investors, lost more money than it turned over in its first full year of significant revenue generation.

11th August, 2012

Intune Networks, the high-profile technology start-up that has raised more than €60 million from investors, lost more money than it turned over in its first full year of significant revenue generation.

Recent company filings reveal that the firm had revenues of €9.9 million in the year ending December 31 2010, but it made a net loss of €10.9 million for the year.

A year earlier the firm recorded token revenues of €16,000, while making a net loss...

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