() CEO Jamal Rushdy and CFO Hilary Spence discuss with Proactive Investors the firm's results for the year ended 31 March 2018.
The loss of contracts with four key customers – valued at over £800,000 a year – meant revenue slipped 6% to £3.83mln in the 12 months ended March 31 (2017: £4.09mln).
In response to the challenges, Collagen set about restructuring its business to bolster cash, improve margins and solidify the trajectory to profitability.
They've also been busy strengthening the board and executive team to help boost commercial expertise.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Collagen Solutions PLC named herein, including the promotion by the Company of Collagen Solutions PLC in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HERE