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IN BRIEF: DeepVerge On Track For GBP4 Million Revenue In 2020

Tue, 01st Dec 2020 14:29

DeepVerge PLC - York-based skin product test services company formerly known as Integumen PLC - Remains on track for 2020 revenue of GBP4 million. Revenue including recent Modern Water PLC acquisition to be "well above" GBP4 million. Saw revenue of GBP1.0 million in 2019. Pretax loss narrowed slightly in 2019 to GBP955,000 from GBP975,000 in 2018.

Notes Chief Executive Gerard Brandon will outline revenue expectations in investor webinar.

Brandon adds: "The presentation will reiterate the guidance for 2020, provide an update on sales, marketing, supply chain management of products and services under development for a post-Covid world and I look forward to the opportunities that are ahead for the enlarged group."

Current stock price: 28.00 pence

Year-to-date change: up 61%

By Paul McGowan; paulmcgowan@alliancenews.com

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