Full-year results were materially higher than the trading statement in May due to the restatement of 2018 financials to reflect IFRS15, with substantially higher adjusted pre-tax profit and year-end cash of £2.8m. We have adjusted our FY 2020 forecasts to reflect these changes and align the numbers with the company’s underlying trading performance and a full-year benefit from Medimark. Future revenues/milestones from licensing deals and US partnerships will be largely additive to
30 Sep 2019
Byotrol - FY 2019 results – sustainably cashflow-positive
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Byotrol - FY 2019 results – sustainably cashflow-positive
Byotrol plc (BYOT:LON) | 0.2 0 (-60.0%) | Mkt Cap: 0.68m
- Published:
30 Sep 2019 -
Author:
Mark Brewer -
Pages:
15
Full-year results were materially higher than the trading statement in May due to the restatement of 2018 financials to reflect IFRS15, with substantially higher adjusted pre-tax profit and year-end cash of £2.8m. We have adjusted our FY 2020 forecasts to reflect these changes and align the numbers with the company’s underlying trading performance and a full-year benefit from Medimark. Future revenues/milestones from licensing deals and US partnerships will be largely additive to