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Share Price: 15.75

Bid: 15.50

Ask: 16.00

Change: 0.00 (0.00%)

Spread: 0.50 (3.226%)

Open: 15.75

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IN BRIEF: Science in Sport suspended due to audited results delay

Mon, 03rd Jul 2023 15:23

Science in Sport PLC - London-based sports nutrition company - Says it is unable to publish 2022 results in time for deadline. As a result, its shares were suspended for trading on AIM as of Monday, which will remain in place until it publishes its audited financial statements, which it expects "imminently".

On Thursday, it said its 2022 unaudited pretax loss widened to GBP10.6 million from GBP5.3 million the year prior as its cost of goods increased to GBP36.8 million from GBP31.2 million and it recorded GBP1.1 million in new facility transition costs compared to GBP125,000 the year prior. Revenue rose to GBP63.8 million from GPB62.5 million. It said this revenue figure was impacted by the closure of its Russian business, port congestion issues in the US and supply chain issues.

Current stock price: 12.50 pence

12-month change: down 72%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

6 Mar 2024 13:44

Science in Sport shifts operating model to focus of profitability

(Sharecast News) - Performance nutrition company Science in Sport updated the market on a significant shift in its operating model on Wednesday, following a comprehensive business review.

6 Mar 2024 13:21

Science in Sport annual revenue dips on lower trading

(Alliance News) - Science in Sport PLC on Wednesday said it delivered earnings in 2023 despite a slight decrease in annual revenue.

5 Jan 2024 09:07

IN BRIEF: Science in Sport executive chair buys first million shares

Science in Sport PLC - London-based performance nutrition product - Executive Chair Dan Wright buys 1.0 million shares via family investment firm Gomrath Ltd at 11 pence each, worth GBP110,000, on Tuesday. The shares are Wright's only holding. He became non-executive chair in mid-October and then moved to executive chair upon the departure of Stephen Moon as chief executive officer a few days later. Additionally, Lombard Odier Asset Management (Europe) Ltd buys 9.7 million Science in Sport shares, also at 11p, worth GBP1.1 million, on Tuesday and Wednesday. Lombard Odier now has 46.9 million shares, a 25.8% stake. The asset manager is represented on the Science in Sport board by Non-Executive Director Henry Turcan.

19 Oct 2023 11:48

IN BRIEF: Science in Sport CEO steps down with immediate effect

Science in Sport PLC - London-based performance nutrition firm - Chief Executive Officer Stephen Moon steps down with immediate effect, remaining employed and on garden leave during his notice period. Chair Dan Wright has been appointed executive chair. Wright says: "We would like to thank Stephen for the role he has played with the company for over a decade. He has been instrumental in Science in Sport and PhD becoming leading sports nutrition brands, culminating in the completion of the world-class supply chain facility in Blackburn that is pivotal for the next phase of profitable growth."

16 Oct 2023 15:01

IN BRIEF: Science in Sport confirms Dan Wright as new chair

Science in Sport PLC - London-based performance nutrition firm - Confirms appointment of Dan Wright as non-executive chair, with immediate effect. Wright replaces John Clarke, who has now stepped down from the company's board. Science in Sport named Wright as its new chair at the end of September. Wright has been executive chair of Accrol Group Holdings PLC since 2018.

28 Sep 2023 11:55

EARNINGS: Dekel hails palm oil operation; Science in Sport revenue up

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

28 Jul 2023 16:34

TRADING UPDATES: Jardine Matheson net assets rise, Oberon loss widens

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

10 Jul 2023 13:12

Director dealings: Science in Sport non-exec linked to buy, Victorian Plumbing chair sells

(Sharecast News) - Science in Sport was on the list of director buys on Monday after a sizeable purchase was linked to a non-executive director.

10 Jul 2023 11:21

IN BRIEF: Lombard Odier buys 900,000 Science in Sport shares

Science in Sport PLC - London-based performance nutrition - Lombard Odier Asset Management (Europe) Ltd buys 900,000 shares at GBP0.12, worth GBP108,000, on Tuesday last week. Science in Sport Non-Executive Director Henry Turcan joined Lombard Odier as an investment manager in 2017 and the Science in Sport board this past February. Lombard Odier has a 21% stake in Science in Sport, according to Morningstar.

29 Jun 2023 14:30

EARNINGS UPDATES: Science in Sport, Ascent Resources losses widen

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

13 Apr 2023 11:56

Science in Sport concludes strategic review; quarterly revenue rises

(Alliance News) - Science in Sport PLC on Thursday announced the conclusion of its strategic review, while noting that revenue rose in the first quarter.

22 Feb 2023 13:06

Science in Sport ends year in line with expectations

(Sharecast News) - Athletic nutrition company Science in Sport said in a trading update on Wednesday that despite a tough economic and supply chain environment, it performed broadly in line with expectations in 2022, achieving a 1.5% rise in revenue to Â£63.5m.

22 Feb 2023 12:11

IN BRIEF: Science in Sport eyes results to be in line with guidance

Science in Sport PLC - London-based sports nutrition company - Expects revenue of GBP63.5 million for 2022, up 1.5% from GBP62.7 million a year ago. Says it performed broadly in line with expectations.

3 Oct 2022 06:48

IN BRIEF: Science in Sport raises GBP5.0 million in placing

Science in Sport PLC - London-based sports nutrition company - Raises GBP5.0 million through placing of 33.3 million new shares at a price of 15 pence per share. The new shares represent just under 24% of the company's issued share capital prior to the placing.

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IN BRIEF: Science in Sport suspended due to audited results delay

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