RE: 200ks16 Feb 2026 10:42
Suspension is when there is uncertainty, here they investigated and reported findings, sacked the CEO, and replaced with interim CEO AND they have confirmed revised revenue…what else people expecting??
Extract: ‘The Board believes that the estimated impact of the expected reversal of FY25 Accrued Royalty Income on the audited FY25 results will be as follows:
· FY25 revenue will become £3.87m from the reported figure of £4.64m
· Adjusted EBITDA for FY25 will be restated to a loss of £1.17m from the reported loss figure of £0.41m with an operating loss of £1.47m
· The expected adjustments will be agreed following a review by the Company's auditors
As a result of the Board's Investigation and the subsequent expected removal of the FY25 Accrued Royalty Income, the Board now anticipates that the results for the year ended 30 June 2026 will be significantly below current market expectations.*