DeepVerge PLC recorded the best quarter in its history with the environmental services specialist making progress on all fronts.
Revenues for the first three months of 2022 were £2.38mln, up 84% compared with the same period last year.
“Growth remains on track to achieve triple-digit percentage revenue growth year-on-year, similar to the last three-and-a-half years,” said chief executive Gerard Brandon.
In the update, investors were told DeepVerge subsidiary Innovenn has signed a manufacturing service framework agreement with Microsaic Systems PLC (AIM:MSYS).
Microsaic will help further develop Modern Water's range of testing equipment under a deal that extends an agreement inked last month. An initial order of £400,000 has been placed.
In a wide-ranging announcement, DeepVerge said there had been significant interest from both Silicon Valley and the cosmetics industry in its Skin Trust Club personalised skincare app.
Investors were also told that its Modern Water Division is in the bidding for ‘multiple’ mid-sized orders of £1mln-plus for its pathogen detection equipment, while its Labskin synthetic skin business has ‘demonstrated its sales growth capabilities’.