GENinCode has published final results for the 12-months to December 2024, reporting revenues of £2.7m, up 25% YoY and in-line with our forecasts. The company maintained tight control on operating costs, resulting in an adjusted EBITDA loss of £4.4m for FY24 versus £6.7m for FY23 and our forecast £4.8m. This improvement delivered a stronger FY24 closing cash position of £1.1m versus our £0.7m forecast, ahead of a £4.1m equity raise completed post-period. We remain positive on GENinCode, and in pa ....
