The losses at Superscape VR Plc, the virtual reality software company of Aldermaston in Berkshire, came in much smaller than expected at UKP238,000. At the time of its flotation back in April (CI No 2,399), Superscape forecast losses for its maiden full year figures to July 31 of UKP450,000. The company, formerly Dimension International, attributes the difference to software sales being higher than expected, up 91.1% at UKP522,864, of which UKP321,000 came in the final six months, as the market expanded with the greater awareness of the commercial applications of the technology and the increased availability of Pentium based personal computers. Also the initial costs of establishing the California office proved less than expected and the relocation to new premises in the UK and key appointments took place after the end of the financial year. This relocation will ultimately cost over UKP200,000, but was not entirely included in the loss forecast and so its impact is difficult to calculate. The bulk of Superscape’s business remains in the UK with UKP577,276, 67.2% of the total, up 8.8% on last time. The rest of Europe represented 17.4% of the total at UKP149,254, up 97.2%; Asia 4.1% at UKP34,877, up 76.1%; Australia 1.1% at UKP9,911, down 5.1%. North America, key to Superscape’s plan to establish its software as a worldwide product, represented 9.8% of the total at UKP84,399, up from UKP5,538 last time. Since year-end, Superscape has established its office in California as Superscape Inc and has already won a distribution agreement with Micro Focus Plc as part of its Emerging Technology Programme. Superscape also complemented its direct sales with the appointment of resellers, including the Datatechnology Datech Ltd arm of Computer 2000 AG. Superscape has net cash of UKP3.0m, does not expect a profit in the current fiscal year and, as stated in the prospectus, will pay no divi-dend. The results were about what the markets ex-pected and Superscape slipped a penny to 206 pence.
