Q4 Report – 31 December 2023
Flexion validates return to growth with all-time highs for quarterly revenue and adjusted EBITDA[‡] as it hits GBP 24.3m and GBP 2.1m respectively in Q4. Revenue grows 64% compared to Q3.October-December 2023 performance · Total revenue increased by 12% to GBP 24.3m (21.7)* · Gross profit increased by 35% to GBP 5.0m (3.7) · Adjusted EBITDA[‡] increased by 38% to GBP 2.1m (1.6) · Operating profit decreased to GBP 0.2m (1.9m) · EPS amounted to GBP 0.08 pence (2.78 pence) · Operating cash flow amounted to GBP 3.5m (1.2) · Cash and cash equivalents decreased to GBP 11.1m