Shares in Omega Diagnostics Group PLC (AIM:ODX) were down almost 13% after the company said its financial performance had been hit by lower production yields and increased raw material costs.
As a result, the group will make an underlying £2mln loss on revenues of £7.5mln for the year ended March 31, 2023.
In a trading update, the company also said it has appointed Chartwell Consulting to improve operational efficiency and manufacturing capability.
At just after 9.00am, the shares were changing hands for 2.53p, down 0.37p.