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    The company made a loss of $32.1 million in 2007,[22] a loss of $49.8 million in 2008 and a loss of $29.7 million in 2009. 2010 was by no means better, with a net loss of $27.9m By the end of 2010 the company had lost more than $107 million, with no perceivable revenue stream.[23] In 2011, Phorm reported losses of $30.5 million and conducted an equity placing of £33.6 million, which paid off the company’s debt.

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