Trellus Health PLC - Cardiff-based digital health platform provider - Expects to report a loss before interest, tax, depreciation and amortisation for 2022 in line with expectations on revenue of about $30,000. This reflects the timing of ‘implementation of projects now underway in early 2023’. As at December 31, cash amounts to $19.1 million ahead of expectations. Looking ahead, expects early revenue generation to grow throughout 2023. In 2021, revenue was $25,000, pretax loss was $5.9 million.
Chief Executive Officer Marla Dubinsky says: ‘Our current revenues and user base are reflective of the timing of existing agreements, as well as the ongoing process of eligible patients being made aware of the availability of the Trellus Platform.
Back in October, Trellus reported an interim pretax loss of $4.8 million for the half-year to June 30, widened from $1.6 million a year prior. ’Virtually all of loss in either period are administrative expenses,‘ the firm said them. Revenue was $10,000 versus none.
Current stock price: 7.25 pence each, up 7.4% on Monday afternoon in London
12-month change: down 74%
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