AGM has issued a set of interim results to Jan’22, which detail encouraging commercial progress, especially given the wider economic uncertainty driven by CV19 and supply chain disruption. On a headline level, the top line increased by £4k to £46k. An increase in cost of sale was partially offset by a decline in opex, translating into an EBITDA loss of £1.7m (vs £1.6m in H1’21). Given the challenging market conditions for end market customers, we rebase our forecasts downwards. We reduce our FY2 ....
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Considerable market potential despite recent headwinds
- Published:
06 Apr 2022 -
Author:
N+1 Singer Team -
Pages:
3
AGM has issued a set of interim results to Jan’22, which detail encouraging commercial progress, especially given the wider economic uncertainty driven by CV19 and supply chain disruption. On a headline level, the top line increased by £4k to £46k. An increase in cost of sale was partially offset by a decline in opex, translating into an EBITDA loss of £1.7m (vs £1.6m in H1’21). Given the challenging market conditions for end market customers, we rebase our forecasts downwards. We reduce our FY2 ....