Q2 Report – 30 September 2020
Flexion continues its strong growth with total revenue up by 168% and gross profit up by 190% resulting in positive adjusted EBITDA[‡ ]on IAP revenue for the first time.July 2020 to September 2020 performance · Total revenue increased by 168% to GBP 6.2m (GBP 2.3m)* · Gross profit increased by 190% to GBP 0.8m (GBP 0.3m) · Adjusted EBITDA[‡] improved by 125% to GBP 0.1m (GBP -0.5m) · Operating result improved by 110% to an operating profit of GBP 0.05m (GBP -0.5m) · Earnings per share amounted to GBP 0.08 pence (GBP -1.14 pence) · Cash amounted to GBP 3.7m (GBP 3.1m)