Microsaic Systems has reported its full year results, which reflects accelerating commercial traction. Revenues grew 357% to £0.9m, and intra-year orders exceeded £1m. A reduction in operating costs meant that EBITDA losses reduced 18% to £1.8m. Key highlights detail a number of product launches, product demonstrations and commercial agreements, including an agreement with DeepVerge (DVRG). Post period, the momentum continued with MSYS signing a multiyear contract with DVRG, which has a total po ....
30 May 2022
Encouraging year of progress; momentum continues
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Encouraging year of progress; momentum continues
Microsaic Systems plc (MSYS:LON) | 1.0 0 4.8% | Mkt Cap: 0.11m
- Published:
30 May 2022 -
Author:
N+1 Singer Team -
Pages:
3
Microsaic Systems has reported its full year results, which reflects accelerating commercial traction. Revenues grew 357% to £0.9m, and intra-year orders exceeded £1m. A reduction in operating costs meant that EBITDA losses reduced 18% to £1.8m. Key highlights detail a number of product launches, product demonstrations and commercial agreements, including an agreement with DeepVerge (DVRG). Post period, the momentum continued with MSYS signing a multiyear contract with DVRG, which has a total po ....