Today’s FY results are in line with the trading update of 12 February, showing a 12% decline in revenue to £6.9m (WHI £6.8m) and a loss before tax and exceptionals of £982k (WHI £1.0m). As expected, TST has done very well out of UK R&D tax credits, mitigating the extent of loss after tax to £578k. Following a £1.2m (net) fundraise last year, TST is in a net cash position of ~£300k. Revenue is said to be ahead by +14% in Q1 2019 with a corresponding reduction in losses.
09 May 2019
Morning Comment
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Morning Comment
Touchstar plc (TST:LON) | 87.5 0 0.0% | Mkt Cap: 7.18m
- Published:
09 May 2019 -
Author:
WHIreland Research Team -
Pages:
4
Today’s FY results are in line with the trading update of 12 February, showing a 12% decline in revenue to £6.9m (WHI £6.8m) and a loss before tax and exceptionals of £982k (WHI £1.0m). As expected, TST has done very well out of UK R&D tax credits, mitigating the extent of loss after tax to £578k. Following a £1.2m (net) fundraise last year, TST is in a net cash position of ~£300k. Revenue is said to be ahead by +14% in Q1 2019 with a corresponding reduction in losses.