Q4 revenues demonstrated a welcome return to growth both sequentially and year-on -year (yoy). This was achieved in both the Bioplastics and RF Technologies divisions, resulting in revenues and LBITDA for the year being in line with our 2021 forecasts. The level of cash at the year-end of £1m was pleasingly higher than our expectation of £0.5m. While the Group and its customers are still facing logistical and supply chain issues, 2022 should demonstrate a strong improvement over 2021. In particu ....
27 Jan 2022
Strong Q4 sales recovery and higher year-end cash
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Strong Q4 sales recovery and higher year-end cash
Biome Technologies PLC (BIOM:LON) | 95.0 0 0.0% | Mkt Cap: 3.59m
- Published:
27 Jan 2022 -
Author:
Ian Jermin -
Pages:
3
Q4 revenues demonstrated a welcome return to growth both sequentially and year-on -year (yoy). This was achieved in both the Bioplastics and RF Technologies divisions, resulting in revenues and LBITDA for the year being in line with our 2021 forecasts. The level of cash at the year-end of £1m was pleasingly higher than our expectation of £0.5m. While the Group and its customers are still facing logistical and supply chain issues, 2022 should demonstrate a strong improvement over 2021. In particu ....