Byotrol’s results to March 2016 demonstrated further progress towards breakeven, despite regulatory headwinds. Indeed, we expect adjusted EBITDA of £0.1m in FY 2017. Progress on its three core projects, endorsed by external licensing and partnership deals, leads us to believe that the company will transition from a low-margin products-based business to a higher-margin business whose technology will be adopted by third parties, thereby creating a sustainably profitable and growing
18 Aug 2016
Final results to March
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Final results to March
Byotrol plc (BYOT:LON) | 0.1 0 0.0% | Mkt Cap: 0.57m
- Published:
18 Aug 2016 -
Author:
Mark Brewer -
Pages:
16
Byotrol’s results to March 2016 demonstrated further progress towards breakeven, despite regulatory headwinds. Indeed, we expect adjusted EBITDA of £0.1m in FY 2017. Progress on its three core projects, endorsed by external licensing and partnership deals, leads us to believe that the company will transition from a low-margin products-based business to a higher-margin business whose technology will be adopted by third parties, thereby creating a sustainably profitable and growing