RE: Avct had a nice rally12 Jan 2022 08:51
we are not a covid only business:
Financial Highlights:
· Revenue increased by 81% to £5.73m (H1 '20: £3.16m)
§ Health and Nutrition sales up 62% to £4.17m (H1 '20: £2.58m)
§ Global Health revenue up 170% to £1.56m (H1 '20: £0.58m)
· Gross margin decreased to 34.4% (H1 '20: 42.9%) caused by increased direct labour in anticipation of DHSC COVID-19 contract work
· Statutory loss for the period of £2.75m (H1 '20: £0.28m)
· Adjusted EBITDA loss1 of £2.45m (H1 '20: loss of £1.29m)
· Adjusted loss per share1 of 1.3p (H1 '20: 0.1p)
· Cash balance of £4.7m (H1 '20: £7.0m)
Even if we don't do anything, we have enough cash for a year. ( this was mentioned on investors presentation )
We are way oversold IMHO