RE: looks like8 Mar 2021 09:20
Last results stated £5M net cash and equivalent. I have started looking at this as if they pull things round and the UK opens as we are expecting this looks like a bit of a cash cow.
What I mean by that is just take a look at pre covid numbers:
For the year ended 31 December 2019
-- Group revenue reduced 2.7% to GBP33.4m (2018: GBP34.3m)
-- Gross profit increased 0.6% to GBP24.9m (2018: GBP24.7m)
-- IFRS loss after tax of GBP0.67m (2018: GBP0.76m loss)
-- Adjusted EBITDA* of GBP5.27m (2018: GBP4.97m)
-- Net cash and cash equivalents at the period end of GBP5.1m (2018: GBP4.6m)
-- Loss per share of 0.54p (2018: 0.62p loss per share)