Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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"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!
Got a pretty useless response to the list of things I wanted to hear from FUM in the resulsts on Wednesday. - so will be interesting to see if they actually answer any of them during the presentation
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Good afternoon,
Many thanks for getting in touch. On Wednesday at 9am, there is a presentation via the Investor Meet Company platform, for investors in and followers of Futura Medical plc, during which an update on strategic progress will be included alongside the opportunity for Q&A.
Please see the link to register for the presentation here: https://www.investormeetcompany.com/futura-medical-plc/register-investor.
Kind regards,
Spot on there, rpg7. Toli changes with the wind, he could be talking about himself here - 'Watch them ramp it up as it goes down and vise verse its facinating'
Solid buying