Edinburgh based online dating firm Cupid was the biggest stock market loser of AIM-listed Scottish companies last year.
Research by professional services firm BDO found that Scottish stocks fell by 1.14% during 2013 against an increase of 20.28% for the FTSE AIM (Alternative Investment Market) all share index.
The analysis found that combined market cap of the 24 Scottish firms which maintained an AIM listing throughout 2013 was £1.71 billion at year end, a slight fall from £1.73bn at December 2012.
The biggest increase was an almost £70m uplift for Glasgow-based cloud company Iomart, while Cupid saw its value tumble by £95.8m after being hit by a series of operational issues.
BDO corporate finance director Neil McGill said: “The number of firms listed on AIM increased in 2013 for the first time in six years with 69 flotations raising a total of £1.17bn which was the highest value raised in any year since 2008.
“There are grounds for optimism that the markets are improving and AIM is returning in confidence as a useful and viable source of funding for the right type of business. I would expect more of the same during the coming year as business owners seek different means of funding for growth and expansion.”