Business
Half-Year Report
Half-Year Report.
About this update from Fortis Frontier Plc
[{"type":"text","content":"\n\nMyHealthChecked PLC\n(\"MyHealthChecked\", the \"Group\" or the \"Company\")\n \nHalf-Year Report\n \nMyHealthChecked PLC, the consumer home-testing healthcare company, announces its unaudited half-year report for the six months ended 30 June 2023.\n \nFinancial highlights\n \n· Revenue of £2.5m (H1 2022: £9.8m)\n· Adjusted EBITDA loss £296,000 (H1 2022: £372,000 profit)\n· Cash balance of £5m available to self-fund next growth phase\n \nCommercial and operational highlights\n \n· Launch of an extensive range of wellness tests into the UK's top pharmacy retailer\n· Investment in IT infrastructure to support customer journey of extensive range of blood and urine tests\n· H1 investment in stockholding (£1.7m) to meet 2023 demand\n· Achievement of Healthcare Inspectorate Wales accreditation\n· Cyber Essentials Plus renewed for digital security\n· Operational streamlining to minimise cash burn\n· Appointment of Amber Vodegel as a Non-Executive Director post-period end\n \nPenny McCormick, Chief Executive Officer of MyHealthChecked PLC, said: \"Despite the reduction in demand for COVID testing during the period under review, we have been very pleased with the delivery and retail launch of a broad range of blood and urine tests, progress with the capabilities of our digital platform, regulatory approval of our portfolio under CE marking, and achievement of Healthcare Inspectorate Wales accreditation.\n \n\"Post-period end we have seen increased demand for COVID testing as we move towards the winter season, and the Eris and Pirola strains are in the news. We remain well-placed to provide a reliable and effective supply chain at large volumes to retail.\n \n\"During the period we have further demonstrated the Company's agile and ambitious capabilities and are poised to build awareness of this vast new range of tests in a dynamic category, whilst making progress in this new and exciting sector.\"\n \nInvestor presentation\nPenny McCormick, Chief Executive Officer and Adam Reynolds, Chairman will provide a live presentation relating to the Half-Year Report via the Investor Meet Company platform...