Business
Annual Results
Annual Results.
About this update from Fortis Frontier Plc
[{"type":"text","content":"\n \nRNS Number : 8860Y Concepta PLC 14 May 2019 \n\n \n \nThe information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain\n \nConcepta Plc (\"Concepta\" or the \"Company\") \nAnnual Results\n \nConcepta Plc (AIM: CPT), the innovative UK personalised healthcare company and developer of the proprietary self-test platform (\"myLotus®\") and suite of emerging test products targeting the mobile health market with a primary focus on women's fertility and hormone health, announces today its final results for the twelve months to 31 December 2018. Concepta Plc is also announcing today in a separate release its first myLotus® pregnancies. \n \nOperational Highlights\n \n· Appointment of Matthew Walls as Chairman in July 2018 and subsequently Executive Chairman from September 2018\n· Appointment of David Darrock as Chief Operating Officer in February 2018 with main Board appointment in September 2018\n· Appointment of Peter Dines as Non Executive Director in July 2018, replacing Mark Wyatt, to represent the largest shareholder, Mercia Technologies PLC \n· Successful completion of UK user trials and CE Mark submission in September 2018\n· CE Mark certification received in October 2018 \n• Launched myLotus® product at the Fertility Show, London in November 2018\n· Completed validation and ISO 13485 manufacturing approval\n· Launched the www.myLotus.com eCommerce website and listing on Amazon\n \nFinancial Overview\n \n• Revenue of £0.00m (2017 : £0.10m)\n• EBITDA loss £2.65m (2017 : £2.3m loss) \n• Cash at year end £0.74m (2017 : £1.5m)\n· Completion of £2.0m (net of expenses) share placing at 4p per share in August 2018\nPost Financial Year End\n· In April 2019 Concepta completed a £2.2m (net of expenses) share placing at 3p per share to accelerate business development and to support working capital requirements \n \n \nCha...