RE: Revenue9 Oct 2022 21:22
Boom......Are you sure?
Latest moneys will just about keep it alive, with no other income soon will be dificult.
RNS a couple months a go:
FY22 Year End Trading update
The trading performance in FY22 was disappointing. FY22 revenues are expected to be in the region of £2.8m (FY21: £11.6m (£3.6m excluding DHSC revenue and a one off COVID customer order)) and a substantial loss for the year will be incurred. A significant proportion of these losses relate to the increase in operational infrastructure related to AbC-19™ and the DHSC contract and the subsequent unwinding of this investment. As part of this, the Company further restructured its operations early in Q4 FY22 with a reduction in headcount from 123 employees at the end of December 2021 to 86 employees at the end of July which, along with other cost saving measures implemented, has significantly reduced the ongoing monthly operational cash outflow.
The Company's cash balance at the end of July was £7.6m, following the settlement of the outstanding monies owed by the DHSC, including the £1.5m