i-design has published its preliminary results for the financial year ended 30 September 2009.

Total revenue grew by 14% to £2.37 million (from £2.07 million in 2008), with revenues from media sales increasing by 81%.  

As a result of lower software revenues than in 2008, gross profit decreased to £466,000 from £796,000 in 2008.

The planned investment in both staff and infrastructure to support the company’s growth resulted in higher administrative costs compared to last year and an increased operating loss of £1,143,000 against £623,000 in 2008. The loss before tax increased from £536,000 in 2008 to £1,112,000.

i-design’s software product, atmAd, is licensed to approximately 12,000 ATMs and has been installed across some 6,400 ATMs in the UK and over 300 in Europe.

At the beginning of the financial year, approximately 4,500 ATMs were available for third party advertising, which compared with 1,000 at the same point in the prior year.