Trading for the current financial year to 31 March 2021 remains strong across the whole Group and multiple opportunities continue to be available, across both product sales and IP licensing.
Product sales for the first quarter to 30 June exceeded £3.4m and orders for July and August continue to look encouraging. Our order book at the end of June stood at approximately £2m. Our current net cash position is healthy at £1.8m.
Whilst it is early in the year, assuming continued easing in supply chains and a relatively orderly Brexit, the Board would expect revenue and EBITDA for the current financial year to be significantly ahead of current market expectations.
We expect to announce the results for the year ended 31 March 2020 in mid September along with a further update on trading.
David Traynor, Chief Executive of Byotrol plc commented:
"Trading remains strong in all our markets and supply chains continue to ease to our benefit. We remain very confident in the outlook for the Group, both for the current year and in the longer term."