Eden Research has reported its half-year results to 30 June 2019. Revenues for the period were £0.58m, down versus H1/18A but impacted by £0.3m of product sales expected in June which slipped into July. Product sales were £0.45m, though adjusted for the ‘July sales', came in at £0.75m up on H1/18A. With an expected H2/19E weighting, Eden remains on target to meet our FY19E product sales forecast. The company delivered a strong ‘product' gross margin of 43.9% (H1/18A 29.8%) and admin expenses wer ....
18 Sep 2019
Cenkos: Eden Research Plc - Regulatory and commercial progress
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Cenkos: Eden Research Plc - Regulatory and commercial progress
Eden Research plc (EDEN:LON) | 4.8 0 0.0% | Mkt Cap: 25.9m
- Published:
18 Sep 2019 -
Author:
Chris Donnellan -
Pages:
6
Eden Research has reported its half-year results to 30 June 2019. Revenues for the period were £0.58m, down versus H1/18A but impacted by £0.3m of product sales expected in June which slipped into July. Product sales were £0.45m, though adjusted for the ‘July sales', came in at £0.75m up on H1/18A. With an expected H2/19E weighting, Eden remains on target to meet our FY19E product sales forecast. The company delivered a strong ‘product' gross margin of 43.9% (H1/18A 29.8%) and admin expenses wer ....