6 May 2020 – final results

The company has issued its results for the 17 month period to 31 December although given the stage of the group’s development and the more recent events relating to coronavirus these are really irrelevant.  Revenue for the period rose to £5.5m (year to 31 July 2018: £2.8m) whilst the loss before tax was £18.1m (year to 31 July 2018: £10.4m).  Despite these results the shares remain a SPECULATIVE BUY