Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Inspiration Healthcare Group PLC - Crawley, England-based medical technology company specialising in neonatal intensive care medical services - Expects to report revenue of £37.0 million for the financial year ended January 31, below market expectations and down from £41.2 million a year prior. Inspiration says that this reflects a delay to an unspecified ‘material export order’, due to be shipped during the current year but now expected early in financial 2025. As a result, the company says its net debt stands at around £6.4 million.
The company has sought a covenant waiver from its lender in respect of the January 31 covenant test date, with a further update to be provided in due course.
Current stock price: 40.74 pence each, down 24% in London on Wednesday morning.
12-month change: down 22%
Copyright 2024 Alliance News Ltd. All Rights Reserved.