Myratech's full-year results were poor. In the year to December the software reseller/e-commerce solutions business ran up losses of £2.8m (£1.6m) on sales of £2m (£1.7m). Cash reserves capitulated from £2.4m to £382,000. The reported figures included £574,000 of exceptionals relating to a re-organisation and a write down against the carrying value of acquisitions. In November the company made a third of its workforce redundant, saw several directors leave and moved to smaller premises. Positives included a 60% reduction in operating costs and a claim that current orders were '12% better than original forecasts'. Managing director Mark Abrams asserted that 'we're now pretty well at cash breakeven'. If interims reflect a continuation of this trend, the shares would be worth considering. For now, they are probably best avoided. Unusually, house broker Teather & Greenwood declined to comment on the results.