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IXICO CEO Giulio Cerroni on record revenues and significant contract extension

Giulio Cerroni, chief executive of IXICO PLC (LON:IXI), caught up with Proactive London's Andrew Scott to discuss their results for the year to the end of September as well as the expansion to a contract.

The scope of a current contract with a top 10 biopharmaceutical company has been enlarged, increasing the value by US$2.4mln over the remaining six-year term of the agreement to US$5.1mln.

Where IXICO's results are concerned revenue rose 32% to £5.39mln from £4.10mln the year before, while the gross margin improved to 58.8% from 56.4%.

The loss before tax narrowed to £793,000 from £1.91mln the previous year.

 
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December 11 2018

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