Management has taken decisive action to rationalise costs and set INHC on the path to FCF breakeven this year, whilst carefully ensuring it is capable of supporting its clients and delivering on the several growth opportunities that exist. This looks to have been successfully implemented, with a 30%+ reduction in monthly costs and key contract renewals secured. After pipeline conversion earlier in the year was hampered by slow funding commitments and extended decision-making, there appears to be ....
18 Apr 2023
FY23 update – decisive action de-risks investment case
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FY23 update – decisive action de-risks investment case
Induction Healthcare Group Plc (INHC:LON) | 12.5 -0.1 (-4.0%) | Mkt Cap: 11.5m
- Published:
18 Apr 2023 -
Author:
Chris Glasper -
Pages:
4
Management has taken decisive action to rationalise costs and set INHC on the path to FCF breakeven this year, whilst carefully ensuring it is capable of supporting its clients and delivering on the several growth opportunities that exist. This looks to have been successfully implemented, with a 30%+ reduction in monthly costs and key contract renewals secured. After pipeline conversion earlier in the year was hampered by slow funding commitments and extended decision-making, there appears to be ....