Microsaic Systems has reported revenue growth of 47% and a 21% reduction of EBITDA losses in the six months to Jun’22, which are ahead of expectations. The strong performance is attributed to the Group’s commercial strategy pivot to one centred around complete workflow solution sales, which is expected to establish higher level end-user engagement. Commercial traction in the period accelerated as a result and saw MSYS ship units across the UK/Eire, successfully complete laboratory work, sign a contract with Innovenn (£0.4m) and launch its services division. Post period, this momentum continued, and management is confident that growth will continue, which is underpinned by a healthy orderbook and visibility for H2.
