31 March 2020 - final results

Revenues in the year to 31 December 2019 were £10.73m (2018: £10.97m) and gross margin was within the target range at 40.4% (2018: 42.6%).  Adjusted profit before tax was £0.38m (2018: £1.43m) and adjusted earnings per share 0.05p (2018: 0.21p).  Closing net cash was £0.47m (2018: £0.38m).  The results have clearly been overshadowed by Covid-19, which is causing a significant reduction in revenues in the near term.  We remain confident in the long term potential for the business but there will no doubt be . . .

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