FAB Recovery in full swing2 Oct 2023 10:10
As a few have asked questions in the telegram group I thought I could share some direct quotes from the results here that might help those that see the document as bit too large to bother with
1. "As previously mentioned, in June 2023 the Company issued equity for net proceeds of c.£1.5m which puts it in a good position to continue its sales and marketing activities and the development of new discovery platforms and services. "
2) In the past few months, the Company has enjoyed an uplift in business engagement from lead generation through to quote drafting and, pleasingly, purchase orders received. We've seen a strengthening of the pipeline of approximately three-fold since the end of 2023. As a result, revenues for FY2024 will be significantly weighted towards the second half of the year.
3) and are in a good cash position and have some exciting and enviable discovery services in development.