Business
Final Results
Final Results.
About this update from Eden Research Plc
[{"type":"text","content":"\n \nRNS Number : 7449F Eden Research plc 22 May 2017 \n\n \nThis announcement contains information which, prior to its disclosure, was considered inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (MAR).\n \nEden Research Plc\n(\"Eden\" or \"Company\")\n \nFinal results\n \nEden Research plc (AIM: EDEN), the AIM-listed company that provides breakthrough natural bio-control products and microencapsulation technologies to the global agrochemicals, animal health and consumer products industries, announces its preliminary results for the year ended 31 December 2016.\n \nFinancial highlights\n· Revenue of £0.4m (2015: £0.9m)\n· Operating loss of £1.9m (2015: £1.1m)\n· Operating loss, before non-cash share based payment charge and amortisation, of £1.1m (2015: £0.2m)\n· Loss before tax of £1.9m (2015: £1.3m)\n· Loss per share of 1.03p (2015: 0.74p)\n· Net cash of £1.5m (2015: £0.15m)\n· Equity accounting adopted in 2016 for Eden's investment in its associate, TerpeneTech, with prior period restated accordingly.\n· Successful placing of £2.6m in March 2016\n \nOperational highlights\n· Lead agrochemical product 3AEY approvals granted for table and wine grape protection from botrytis in Spain, Italy and Bulgaria\n· First commercial sales of lead agrochemical product, 3AEY, in Greece, Spain and Italy\n· Exclusive commercialisation agreement with Eastman Chemical signed for Eden's nematicide product B2Y in nearly 30 countries representing a high percentage of the global nematicide demand\n· 3AEY label extensions in Greece, Spain and Kenya for new crops and disease targets\n· Appointment of Michel Villeneuve, as Senior Strategic Commercial Advisor, and Peter Watson, as Regulatory Strategy Advisor\n \nPost Period end\n· 3AEY approval granted in France for table and wine grape protection from botrytis\n· First commercial scale order of 3AEY from SumiAgro in France\n· Ongoing 3AEY sales in Kenya,...