Shares of Inspiration Healthcare Group PLC (AIM:IHC) dropped 29% after the company said revenue would be lower than anticipated.
For the 12 months ended 31 January 2024, turnover is likely to be around £37 million, while its net debt is about £6.4 million.
In the update, Inspiration said it has sought a covenant waiver from its lender.
In afternoon trading, the stock was off 15.3p at 38.2p.