Open Orphan delivered on FY 2021 forecasts, with revenues rising 76% to £36.9m (FC est. £38.1m; shortfall due to regulatory delay), and adjusted EBITDA and pre-tax profit ahead of forecasts at £2.9m (FC £2.5m) and £37k (FC -£0.9m). Year-end cash of £15.7m (net debt £15.4m) was consequently better than expected. The year-end order backlog increased 11% to a record £46.0m, which stood at £64.25m (+40%) on 31 May 2022, due to five contract wins in 2022, the most recent of which was a landmark £14.7 ....
07 Jun 2022
Open Orphan - FY 2021 results – a year of delivery with more to come
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Open Orphan - FY 2021 results – a year of delivery with more to come
hVIVO plc (HVO:LON) | 27.6 0.1 0.7% | Mkt Cap: 187.8m
- Published:
07 Jun 2022 -
Author:
Mark Brewer | Cavendish Research -
Pages:
14
Open Orphan delivered on FY 2021 forecasts, with revenues rising 76% to £36.9m (FC est. £38.1m; shortfall due to regulatory delay), and adjusted EBITDA and pre-tax profit ahead of forecasts at £2.9m (FC £2.5m) and £37k (FC -£0.9m). Year-end cash of £15.7m (net debt £15.4m) was consequently better than expected. The year-end order backlog increased 11% to a record £46.0m, which stood at £64.25m (+40%) on 31 May 2022, due to five contract wins in 2022, the most recent of which was a landmark £14.7 ....