30th May 2022 12:19
Microsaic Systems PLC - Surrey-based mass spectrometry equipment - Pretax loss widens to GBP3.4 million in 2021 from GBP2.6 million in 2020, as share-based payments jump to GBP1.4 million from just GBP52,241. More positively, revenue multiplies to GBP906,876 from GBP198,258. Attributes this to an order intake that exceeded GBP1 million, due to delayed orders from 2020 and a stronger order intake in the second half, "indicating newly secured instrument and service business in Environmental and Human Health." Plans to focus on generating sustainable, recurring revenue from multiple sources.
"2021 was transformational with a new board, new business model and the financial injection that has delivered significant progress in the ongoing move from product sales to customer-centric service solutions in Human and Environmental Health. This has resulted in the identification of multiple sources of revenues that are expected to maintain growth this year and into 2023," Executive Chair Gerry Brandon says.
Current stock price: 0.085 pence, up 3.0% on Monday
12-month change: down 67%
By Abby Amoakuh; [email protected]
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