RE: Setting Up11 Mar 2019 07:24
Steady progress......
Revenues up 69% at £578,258 (2017: £342,514);
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Gross margin 42% versus 35% last year;
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Operating expenses are 8% above last year due to investment in business development;
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The basic loss per share fell by 42% from 1.46p to 0.85p per share mainly as a result of the increase in the number of shares in issue following the fundraise; and
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Cash balances at year end are £5.4m (2017: £3.2m) and in line with the Board's expectations at the June 2018 fundraising.