MSYS has delivered an encouraging performance in the 6 months to Jun’21, with revenue up 594% to £499k (+52% vs H1’19), driven by product sales (£367k). The EBITDA performance was the strongest since AIM admission, and saw losses reduce by 36% vs H1’20, and 43% vs H1’19. Both intra-period and post period operational milestones, which include the signing of a number of collaboration/Heads of Terms (HoT)/manufacturing agreements, highlight the initial success of the business model pivot. Cash at t ....

27 Sep 2021
Building momentum post business model transition

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Building momentum post business model transition
Microsaic Systems plc (MSYS:LON) | 0 0 2.9% | Mkt Cap: 8.51m
- Published:
27 Sep 2021 -
Author:
Alex Estefanous -
Pages:
3 -
MSYS has delivered an encouraging performance in the 6 months to Jun’21, with revenue up 594% to £499k (+52% vs H1’19), driven by product sales (£367k). The EBITDA performance was the strongest since AIM admission, and saw losses reduce by 36% vs H1’20, and 43% vs H1’19. Both intra-period and post period operational milestones, which include the signing of a number of collaboration/Heads of Terms (HoT)/manufacturing agreements, highlight the initial success of the business model pivot. Cash at t ....