13th Feb 2019 10:45
LONDON (Alliance News) - MyCelx Technologies Corp on Wednesday said it expects revenue and earnings for 2018 to show a "record" performance.
For 2018, the clean water technology company "exceeded previous guidance" and expects to report revenue of USD27.0 million and earnings before interest, tax, depreciation and amortisation of USD5.6 million.
In 2017, MyCelx revenue was USD13.8 million, while Ebitda was USD500,000.
"These results confirm 2018 as the most successful in the company's history and are significantly ahead of MyCelx's original revenue guidance of USD21.5 million to USD22.5 million for 2018," the company said.
MyCelx shares were trading up 15% at 230.30 pence each.
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