Aiming to deliver stronger result in H1-2023
Symphony Environmental Technologies today announced its audited results for the year ended 31 December 2022. Revenue for FY-22 was £6.15m (FY21: £9.16m). Operating losses were £2.93m (FY21: £1.48m losses). Net borrowings (excluding lease liabilities) were £0.84m (FY21: net cash £0.20m).
In March 2023, Symphony raised £1m by issuing unsecured convertible loan notes at a coupon rate of 7% to Sea Pearl Ventures (17.4% shareholder).
Outlook: Managem ....
