Biome Technologies (BIOM)

Sector:

Engineering

Index:

FTSE AIM All-Share

 270.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 450.00
  • 52 Week Low: 260.00
  • Currency: UK Pounds
  • Shares Issued: 2.80m
  • Volume: 0
  • Market Cap: £7.56m

Biome Technologies warns of 'modest' loss as revenue dips

By Duncan Ferris

Date: Monday 22 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Biome Technologies on Monday warned investors to expect a modest interim loss after staff costs jumped and revenue dropped due to lower sales from the Stanelco RF division.
The bioplastics and radio frequency technology business said its revenues for the first half of the year were £3.6m, down from £4.4m over the comparable period last year, as the Stanelco RF division's revenues slipped from £3.5m to £2.2m due to a return to more normalised sales levels of fibre optic furnaces following exceptional demand in 2018.

The AIM-traded company said the loss was also driven by an increased headcount as it strives to propel growth.

Interim revenue from the bioplastics division grew from £0.9m to £1.4m due to a greater number of customers, a wider range of end-use application areas for its products and a broader geographic base.

While the two divisions are performing broadly in line with expectations, Biome Technologies said it expects the bioplastics division to eclipse Stanelco RF as the principal revenue generator for the group within the next year or so.

The company's cash position as at 30 June was £1.7m, down from £2.3m at the end of March, which it said reflected its trading performance and an increase in working capital requirements.

Biome Technologies' shares were down 11.59% at 380.15p at 0850 BST.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BIOM Market Data

Currency UK Pounds
Share Price 270.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 450.00
52 Week Low 260.00
Volume 0
Shares Issued 2.80m
Market Cap £7.56m

BIOM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.55% below the market average37.55% below the market average37.55% below the market average37.55% below the market average37.55% below the market average
37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average
Price Trend
66.73% below the market average66.73% below the market average66.73% below the market average66.73% below the market average66.73% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Income Not Available
Growth
43.95% above the market average43.95% above the market average43.95% above the market average43.95% above the market average43.95% above the market average
51.35% above the sector average51.35% above the sector average51.35% above the sector average51.35% above the sector average51.35% above the sector average

BIOM Dividends

No dividends found

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

BIOM Key Personnel

CEO Paul Mines

Top of Page