Q1 Report – 31 March 2024
Flexion reports its strongest first quarter to date with continued momentum in both business areas. Revenue up by 13%, with Adjusted EBITDA and Gross Profit growing by 121% and 58% respectivelyJanuary-March 2024 performance · Total revenue increased by 13% to GBP 18.3m (16.3)* · Total gross profit increased by 58% to GBP 4.0m (2.5) · Adjusted EBITDA[‡] increased by 121% to GBP 1.6m (0.7) · Operating loss increased to GBP 0.4m (0.2m) · EPS amounted to GBP -0.94 pence (-0.97 pence) · Operating cash flow amounted to GBP 2.7m (-1.1)[#] · Cash and cash equivalents