ok28 Feb 2022 07:14
finally some numbers:
Total invoiced sales for the Group were £2.2m (2020: £1.5m) an increase of 46.7% on the previous year and in line with market expectations. Administrative expenses (excluding non-cash items such as share based payments and amortisation) were £2.1m (2020: £1.6m), an increase of 31.3% on the previous year, largely due to one-off recruitment and consultancy costs and investment in expanding the team as previously announced in the Company's interim results. Intellectual property, R&D, and travel costs decreased as patents were granted and the effects of COVID-19 reduced research and development activity with partners. Gross profit increased to £1.2m up 36.5% on 2020 (£879k).
OptiBiotix's wholly owned subsidiary, ProBiotix Health Ltd (ProBiotix), delivered an EBITDA profit of £195k, a 122% increase on 2020 (£88k) with total sales of £1.1m (2020: £821k), up 34%. OptiBiotix's Prebiotic ingredient business delivered an EBITDA profit of £83k, a 23% increase on 2020 (£67k) with total sales of £1.1m (2020: £557K), up 97.5%. Underlying sales, excluding licensing fees, increased by 122%. S