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Think it's a pretty standard notice in most financial statements.
but I cannot find Note 2.2 of the Preliminary Results in previous rns's - anybody have an idea
Yes.Early 2025 launch for USA is mentioned and is a key piece of information. Nothing else much that is new in the RNS.
The bit about going concern is standard wording that has to be included and I would not be worried about that.
I seen it as early 2025 for USA launch. Trying to find it again so I can post.
Not sure I like this statement.
The Directors believe that it remains appropriate to prepare the financial statements on a going concern basis. However, they also acknowledge that a material uncertainty exists that may cast significant doubt on the Group's ability to generate sufficient net revenues and resulting cash inflows and raise sufficient finance to meet its expected costs to discharge its liabilities in the normal course of business. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.
The auditor's report includes reference to the material uncertainty relating to going concern. Further information in relation to going concern can be found in Note 2.2 of the Preliminary Results
"further revenue growth and progress on the path towards profitability in the next 12 months"
The magic word
The Company delivered a gross margin of approximately 57%
I suspect a lot of detail is waiting on the presentation at 9am - so on that basis I have signed up to view this.
Copy and paste of the trading update which gave January orders of £.5m.
If Feb and March were better could have mentioned this.
Disappointed that it was a re hash of the trading update
See what the presentation brings
I wished they'd been a more specific about timings for the US release. But I guess that's up to Haleon...
Thats comforting.
Not bad considering we have many markets including the USA to open.
That is how I am reading it.
The Haleon upfront payment will be logged in the first half update (normally realsed in Sept)
"Eroxon® initially launched in March 2023 and the Company delivered total revenue of £3.10 million in 2023 (2022: nil). Revenues were predominantly generated from Eroxon® sales and further details of revenue are provided in Note 5 to the consolidated financial statements."
So £3.1 million in revenue not including the upfront payment. Is that what everyone else is reading?
Looks like some great news! Could be a nice lift in SP today
No new news as far as I can see
Very true.
Nice tick up today anyways, good to see a bit of green once in a while, red is such a depressing colour.
I was about to ask for these figures to be signposted.
The only performance indicator Ive read is 20% market share in the UK and Belgium. We still don’t know how many units sold and what cut we have of that. It’s been my reasoning why the SP is where it is.
Hoping doubts are put to bed as we get out of bed tomorrow.
Henners. We dont know that. We know the % of the sales price to Coopers which is not the % of the actual sales price. So £25 quid. Boits get £5 (or whatever), coopers get £10 at least considering they are spending the serious advertising ££, we get - maybe - £5 a pack of which half is profit (before central costs). I guess we make a couple of quid a pack clear profit??
Buffaloben - the answer to your request for"FUM's % cut per unit sold" has already been disclosed by FUM through a previous RNS
We'll need an RNS in the morning if there is anything substantial to be said in the presentation.
Hopefully we don't have any more rash statements to scare off the market; we could use some positivity :-)
Id like to know FUM's % cut per unit sold. Though wonder if this possible as may vary region by region and individual contracts with distributors.
One thing is we deserve to know profits by country that has been selling it for months now.
I expect a detailed plan of rollout execution across all approved markets including US, with an update on sales across all territories. An explanation as why they haven’t hit the 10 additional rollouts promised and a strategic plan for restarting other product R&D. I hope it’s not wishy washy BS we have already heard.
I am expecting good news on progress on expect USA distribution. That is where the money is and lots of it. Should give us all a lift and we should get a hardening of the share price.
I've registered for the prenstation so let see what they say....fingers crossed........
Indeed, well done kdonkey let's see what occurs come Wednesday.
Was worth a shot, thanks for trying!