Business
Trading and Order Update
Trading and Order Update.
About this update from Fortis Frontier Plc
[{"type":"text","content":"\n \nRNS Number : 6709V Concepta PLC 06 November 2017 \n\n6 November 2017 \n \nConcepta plc \n(\"Concepta\" or the \"Company\") \nTRADING AND ORDER UPDATE\n \nConcepta plc (AIM: CPT), the pioneering UK healthcare company and developer of a proprietary platform and suite of products targeted at the personalised mobile health market with a primary focus on women's fertility and specifically unexplained infertility, announces that it has received notice from a distributor that it will formally place an order for £600,000 this month. However, due to third party supplier constraints, revenues from this expected order will be realised in Q1 2018, meaning that 2017 revenues will be lower than market expectations. Orders have been increasing during the second half of October, and with further new distributors being appointed in November and indications of a number of additional new orders, the Board expects the delayed revenue to be additive to the 2018 budget. \nConcepta sources components for its myLotus products from both UK and Chinese manufacturers. The supplier of the myLotus monitor has reported a longer lead time for procuring one of the chemicals required in the manufacturing of the plastic at one of their third party suppliers. The delay in the delivery date affects approximately half of the components required to fulfil the orders and revenues as previously forecast for the current year. The Board now anticipates that the delivery of the shortfall will fall into Q1 2018.\nTo prevent any future delays with the supply chain, David Darrock, recently appointed Chief Operating Officer, will head the supply chain management process to ensure future volume requirements are met. David has significant experience managing Chinese supply chains and he will be tasked with sourcing additional suppliers to ensure that the supply chain is robust so as to cover all future requirements.\nErik Henau, CEO of Concepta plc said: \"Despite the supplier constraints, the Company has made significant progress this year, establishing initial revenues and a growing order book, and the Board expects 2018 to be a transformational year for the Company. The Company has made notable progress towards widespread hospital distribution in China and its direct-to-consumer launch in Europe, providing a fertility platform to address the...