Innovation
Irish-founded Deepverge reports £8.6m accounting error
Company founded by Gerard Brandon has seen its share price fall by over 95 per cent in the past year
Deepverge, the Irish-founded scientific research group, has had to dramatically shrink its full-year revenue expectations on the back of an accounting error.
Founded by Gerard Brandon, the London-listed company said turnover was expected to be 45 per cent to 50 per cent lower than previously guided in January.
Deepverge which is headquartered in Malahide, operates three divisions that cover environmental monitoring, life sciences and artificial intelligence. The company, which was once valued at £50 million, ...
