Q1 Report – 31 March 2023
Flexion reports continued strong growth. Quarterly revenue grows by 54% and adjusted EBITDA up by 125%.January-March 2023 performance · Total revenue increased by 54% to GBP 16.3m (10.6)* · Gross profit increased by 72% to GBP 2.5m (1.5) · Adjusted EBITDA[‡] increased by 125% to GBP 0.7m (0.3) · Adjusted loss before tax[#] amounted to GBP -0.1m (0.1) · EPS amounted to GBP -0.97 pence (0.51 pence) · Adjusted EPS amounted to GBP -0.28 pence (0.19 pence) · Operating cash flow amounted to GBP -1.1m (1.9) · Cash and cash equivalents amounted to GBP 12.0m (10.4)