RE: #CWR Looks very bullish on the charts, IMO27 Sep 2024 09:32
Revenue increased 144% to £28.5 million (H1 2023: £11.7 million1)· Record order intake from signing new contracts of £46.9 million in H1, growing to £103.3 million since the start of the year to 31 August 2024·
Gross profit increased 217% to £22.9 million (H1 2023: £7.2 million1), and a gross margin of 80% (H1 2023: 62%1) reflecting the impact of technology transfer to Delta· Adjusted EBITDA loss significantly reduced to £9.0 million (H1 2023: £23.5 million1), demonstrating the operational leverage of the business·
Significantly reduced cash outflow of £13.9 million (H1 2023: £21.1 million) driving robust cash and short-term investments of £126.1 million (H1 2023: £161.2 million)