Interim results show good progress towards the company’s shorter term objective of moving through the operating cash breakeven point. Revenues grew 7% to £2.88m but with margin improvement initiatives and a better sales mix, gross profits increased 26% to £2.18m and, combined with overhead reductions, the operating loss was reduced by 37% to £1.08m. Importantly, cash burn was reduced by 64% from £1.80m in H1 last year to £0.64m.
11 Sep 2017
Interims – Improved gross margin, reduced cash burn
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Interims – Improved gross margin, reduced cash burn
Deltex Medical Group plc (DEMG:LON) | 0.1 0 0.0% | Mkt Cap: 2.37m
- Published:
11 Sep 2017 -
Author:
Chris Thomas -
Pages:
5
Interim results show good progress towards the company’s shorter term objective of moving through the operating cash breakeven point. Revenues grew 7% to £2.88m but with margin improvement initiatives and a better sales mix, gross profits increased 26% to £2.18m and, combined with overhead reductions, the operating loss was reduced by 37% to £1.08m. Importantly, cash burn was reduced by 64% from £1.80m in H1 last year to £0.64m.