Mycelx Technologies Corp - Georgia, US-based clean water and air technology - Reports pretax loss of $3.6 million for 2022, more than trebled from $1.1 million in 2021. Revenue grows 18% to $10.0 million from $8.5 million. Cost of goods sold increase to $5.6 million from $5.2 million, while selling, general & administrative expenses increase to $7.6 million from $6.9 million. Further, gain on sale of property and equipment falls to just $2,000 from $2.6 million in 2021. Looking ahead, Chair Tom Lamb says: ‘With our progress so far in 2023 and the favourable industry trends, we are optimistic about the growth prospects across the business for the remainder of the year.’
Current stock price: 32.60 pence
12-month change: down 37%
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