IXICO has provided a trading update confirming its FY23E revenue expectation of £7m and indicating it expects to achieve double-digit revenue growth in FY24E. We believe the impact of the historical trial cessations will wash out in FY23E, marking the nadir of this event, with a return to revenue growth for FY24E. Based on the diversified order book, we believe this revenue growth should be sustainable and resilient, forming the basis for a return to profitability. With this report we introduce ....

07 Feb 2023
Cenkos: IXICO Plc -- Return to growth

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Cenkos: IXICO Plc -- Return to growth
IXICO Plc (IXI:LON) | 21.8 0 0.0% | Mkt Cap: 10.5m
- Published:
07 Feb 2023 -
Author:
Chris Donnellan -
Pages:
9 -
IXICO has provided a trading update confirming its FY23E revenue expectation of £7m and indicating it expects to achieve double-digit revenue growth in FY24E. We believe the impact of the historical trial cessations will wash out in FY23E, marking the nadir of this event, with a return to revenue growth for FY24E. Based on the diversified order book, we believe this revenue growth should be sustainable and resilient, forming the basis for a return to profitability. With this report we introduce ....