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Share Price: 2.40
Bid: 2.30
Ask: 2.50
Change: 0.00 (0.00%)
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TRADING UPDATES: LifeSafe Holdings, Tissue Regenix see revenue growth

Tue, 31st Jan 2023 21:38

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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LifeSafe Holdings PLC - fire safety technology firm - Expects revenue for 2022 to be around GBP3.9 million which is above its previous expectation of between GBP3.5 million and GBP3.8 million, and above current market guidance of GBP3.7 million. Credits this to its innovative product range, and its effective marketing strategy across its consumer sales channels, with particularly strong growth in the US. Expects that its preliminary results will be published in the week starting April 17. "I am extremely pleased to report our second revenue upgrade since our listing last year, which provides a clear validation of the quality of our product and strength of our management team and marketing strategy. Trading in the new financial year has started well and we are increasingly confident that we will break into profit on a monthly basis by the end of this year," Chair Dominic Berger says.

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Uru Metals Ltd - Toronto-based investor and mine project developer - Net loss for the half-year period to September 30 narrows to USD436,000 from USD794,000 a year before. This is due to a listing expense of USD521,000 in the previous period. Reports a net loss of USD1.5 million for the financial year ended March 31, widened from USD651,000 a year prior, as administrative expenses widen from USD1.0 million versus USD651,000.

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Filtronic PLC - Leeds-based antenna maker - Wins a contract with a low earth orbit satellite communications equipment firm. The contract is valued in excess of GBP2.0 million, with revenue expected to be recognised in 2023. Says its half-year revenue rises 5% year-on-year to GBP8.4 million from GBP8.0 million. Notes that "strong demand" has carried through to the second half, which is reflected by the current order book of GBP17 million.

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Templeton Emerging Markets Investment Trust PLC - Edinburgh-based investment trust investing mainly in emerging markets companies - Reports that its multi-currency revolving facility agreement with Bank of Nova Scotia has been amended and restated. As of Tuesday, the debt facility is undrawn, it says. "The company's gearing policy currently permits debt of up to 20% of net asset value. The board has decided that renewing the debt facility to maintain the flexibility to use gearing when appropriate remains appropriate," Chair Paul Manduca comments.

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Proton Motor Power Systems PLC - Newcastle-based producer of hydrogen fuel cells and electric hybrid systems - Receives an order for a further 15 hydrogen fuel cell systems from GKN Hydrogen. "We are delighted to continue to support GKN Hydrogen in their drive to demonstrate the use of hydrogen as a means of storing energy from renewable resources and we look forward to expanding our relationship to support GKN Hydrogen's international sales," Chief Executive Faiz Nahab says.

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Tissue Regenix Group PLC - Leeds, England-based medical device company - Expects 2022 sales revenue of USD24.5 million, up 24% versus USD19.7 million in 2021. Achieves adjusted earnings before interest, tax, depreciation, and amortization for the fourth quarter of 2022 that align with its expectations. Reports that trading has been robust, "driven by the continued benefits of the commercial reorganisation of the dCELL segment". Cash and cash equivalents at year-end stood at USD5.9 million, down from USD7.7 million as at year-end in 2021. "Demand for our portfolio of products continued its trajectory of strong growth, resulting in the company's achievement of adjusted Ebitda profit for the fourth quarter of 2022. Furthermore, our additional capacity allows for new product launches, permitting us to provide a more comprehensive, diversified portfolio to our customers. Whilst our customers continue to work through supply chain issues and staffing shortages, the board remain confident for the year ahead. We look forward to continuing our sales growth momentum and building on our adjusted Ebitda profitable fourth quarter," CEO Daniel Lee comments.

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By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Proton Motor Power makes progress amid 'challenging trading'

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IN BRIEF: Proton Motor Power launches 90 kW power generation pack

Proton Motor Power Systems PLC - Newcastle-based producer of hydrogen fuel cells and electric hybrid systems - Launches a 90 kilowatt power generation pack. Says the pack is based on the new generation of the company's existing PM400 stack modules. "The 90 kW Module will be installed in a cabinet with a volume of 452 litres and include a complete balance of plant and power electronics," it notes.

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Proton Motor Power launches new large generation pack

(Sharecast News) - Fuel cell and electric hybrid technology developer Proton Motor Power Systems announced the launch of a large power generation pack on Monday, based on its 'PM' module, producing 90 kW of gross power.

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IN BRIEF: Proton Motor Power swings to profit 2021 on jump in revenue

Proton Motor Power Systems PLC - Munich-based producer of hydrogen fuel cells and electric hybrid systems - Swings to a pretax profit of GBP603,305 in 2021 from a loss of GBP402,633 in 2020. Revenue rises 46% to GBP2.8 million from GBP1.9 million. Says it achieved this progress despite challenging market conditions. Plans to focus on the maturity of its technology offering, ramping up its production capacity and exploiting its current potential order intake and sales pipeline.

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Proton Motor Power increases loan facilities by EUR 12.5m

(Sharecast News) - Fuel cell and electric hybrid technology developer Proton Motor Power Systems has agreed to increase each of its existing loan facilities with SFN Cleantech and Falih Nahab, it announced on Monday, by €6.25m (£5.36m) each.

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Proton Motor Power flags 'promising start' to 2022

(Sharecast News) - Fuel cell and electric hybrid technology company Proton Motor Power said in a trading update on Monday that its received orders in 2021 totalled €3.2m (£2.68m) and, subject to audit, it achieved revenue of €3.2m for the year, up from €2.1m year-on-year.

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Proton Motor Power gets order from DB Bahnbau

(Sharecast News) - Fuel cell and electric hybrid technology company Proton Motor Power announced on Friday that, following the recent extension of the co-operation agreement with DB Bahnbau as announced on 20 July, it had received an order from DB Bahnbau for a 'PM Frame' fuel cell system, which is Proton's modular fuel cell system for customised integration.

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