SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC (SYM) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC Investor Presentation. Situated on the right hand corner of your screen. Please just simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today, and we'll publish those responses where it's appropriate to do so. Before we begin, we would just like to submit the following poll. And if you could give that your kind attention, I'm sure the company would be most grateful. And I would now like to hand you over to the executive management team from SYMPHONY ENVIRONMENTAL, Michael, Ian. Good morning. Good morning. And good morning to you. Thank you. Good morning to everybody. The traditional executive summary I'm pleased to present. The first half results demonstrate, of course, a material turnaround in financial performance, followed improvements of d two w, our core market. Q two and six it was successfully an implement let's try again. Q two successfully implemented a cost reduction program, which has started to increase our operating margins. Our interim results for six months to the 06/30/2024, our operating losses reduced 50% to $400,000 We had a significant fold in operating losses in Q2 to just $50,000 And these results demonstrate strengthening results of mainly all our D2W markets. The successful equity raise of $1,300,000 should also be noted in March 2024 and the convertible loan, the extension to 12/31/2025. Currently, we're operating on at least the same level as Q2 twenty twenty four. We have very important positive legislation and regulations changing in key markets, is helping to increase D2W, our biodegradable deman...