The company notes that 2023 was a difficult capital market globally resulting from high interest rates, general reductions in venture investing and especially in early-stage investing with many venture firms not actively investing in 2023.
Additionally, escalations to the Israeli-Palestinian conflict in Oct 2023 slowed progress for its Israel-based companies.
Trendlines will report its earnings for FY2023 on or around Feb 21.
Shares in Trendlines closed 0.4 cents higher or 4.71% up at 8.9 cents on Jan 3.
