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DeepVerge on track to meet revenue guidance

The company said it remains on track to hit its expectations for full-year revenues of £4mln - excluding the contribution from recently acquired Modern Water

DeepVerge PLC -

DeepVerge PLC (LON:DVRG), the scientific research and artificial intelligence specialist, has reiterated guidance for revenues of £4mln in 2020.

In a brief update, the group pointed out that the figure excludes the contribution from Modern Water, which was acquired on November 9. With Modern Water’s revenues included, the top line is expected to rise well above £4mln.

READ DeepVerge agrees to buy Modern Water for £21mln

The group also noted that Gerry Brandon, its chief executive officer, will be presenting at an investor webinar being hosted jointly by Turner Pope Investments (TPI) Ltd and Vox Markets. The event will be held later today, December 1, 2020 at 2pm.

A copy of the webinar presentation will be posted on the DeepVerge website.

In a statement, Gerard Brandon, CEO of DeepVerge, commented: "The presentation will reiterate the guidance for 2020, provide an update on sales, marketing, supply chain management of products and services under development for a post-COVID world and I look forward to the opportunities that are ahead for the enlarged Group."

Quick facts: DeepVerge PLC

Price: 33.3 GBX

AIM:DVRG
Market: AIM
Market Cap: £55.24 m
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