31st Jan 2024 11:25
Inspiration Healthcare Group PLC - Crawley, England-based medical technology company specialising in neonatal intensive care medical services - Expects to report revenue of GBP37.0 million for the financial year ended January 31, below market expectations and down from GBP41.2 million a year prior. Inspiration says that this reflects a delay to an unspecified "material export order", due to be shipped during the current year but now expected early in financial 2025. As a result, the company says its net debt stands at around GBP6.4 million.
The company has sought a covenant waiver from its lender in respect of the January 31 covenant test date, with a further update to be provided in due course.
Current stock price: 40.74 pence each, down 24% in London on Wednesday morning.
12-month change: down 22%
By Hugh Cameron, Alliance News reporter
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