RE: Highest price paid6 Dec 2024 15:32
CLAI what a total POS!!!
P&D by Avocet
These efforts did not yield the anticipated increase in customer acquisition and revenue generation. As a result, half-year sales for FY24 declined by 42%, amounting to £17.9k up to February 2024, compared to £31k for the same period in 2023.
In response to these performance challenges and to preserve cash, the Company implemented cost reduction measures, reducing costs by 66% from £1.82m up to February 2023 to £627.07k up to February 2024. Going forward, we have successfully reduced our cash burn rate by a third, from £150k per month to average £50k per month.