Rcfx13 Aug 2025 09:02
Seems too many are focused on Laura here and not the fundamentals.
As a result, the Board now expects the Company's FY25 performance will be significantly below market expectations, with FY25 revenue expected to be not less than £4.0 million. At 31 May 2025, the Company held unaudited cash balances plus net trade and tax receivables of £2.6 million which the Company, based on current expectations, considers is sufficient to meet its anticipated working capital requirements.
While the Board is very disappointed to not meet expectations in the Company's first full reporting period following its IPO, it expects the uncertainty created by the SDR to be temporary and remains confident in the Company's prospects and longer-term outlook. Recent strategic hires, operational improvements, and renewed customer momentum provide the foundation for future growth that is supported by strong underlying market drivers.