Q2 Report – 30 June 2023
Flexion achieves H1 revenue growth of 12% to GBP 31.8m despite decline in Q2 revenue. General slow-down in mid-core segment and unfavourable FX are contributing factors. The company sees a positive outlook for second half of the year with many new growth drivers.April-June 2023 performance · Total revenue decreased by 12% to GBP 15.5m (17.7)* · Gross profit decreased by 19% to GBP 2.4m (2.9) · Adjusted EBITDA[‡] decreased by 63% to GBP 0.5m (1.4) · Operating Profit grew to GBP 70k (-380k) · EPS amounted to GBP -0.43 pence (-1.45 pence) · Operating cash flow amounted to