23 January 2020 - trading update

The company has issued a trading update for the 17 month period to 31 December with revenues doubling to £5.5m (£2.8m in 12 months to 31 July 2018).  This is ahead of market expectations and further progress is likely in 2020 following new partnerships and collaborations.  Cash at the end of the period was £8.7m (31 July 2018: £5.2m) and this was also ahead of forecasts. This is clearly good news for the company and we continue to rate the shares as a BUY

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