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Mass spectrometry instrument developer Microsaic Systems reported a full-year loss as its sales slipped, thought it saw them rebound in the first quarter of the current year.
Pre-tax losses for the year through December amounted to £2.6 million, compared to losses of £3.1 million year-on-year. Revenue fell to £0.2 million, down from £0.9 million.
Microsaic Systems said revenue had jumped 180% in the first quarter of 2021 year-on-year.
'While the business is still affected by the Covid-19 pandemic, good progress has been made in the 2021 first quarter with revenues of £145,000 compared to £52,000 in the same period last year,' the company said.
At 8:49am: (LON:MSYS) Microsaic Systems PLC share price was 0p at 0.48p