SkinBioTherapeutics (AIM:SBTX) Report and Accounts, and Provision Update

Annual Report and Accounts

Amendment to provisions and update to Operating Loss

23 December 2022 – SkinBioTherapeutics plc (AIM: SBTX or the “Company”), a life science company focused on skin health, announces that a copy of its Annual Report and Financial Statements for the year ended 30 June 2022, is now available from the Company’s website Hard copies of the 2022 Annual Report and Financial Statements have also been posted to shareholders.

During the finalisation of the FY 2022 Annual Report & Accounts, the Group became aware of an adjustment to inventories which impacts the Group’s financial results for the year ending 30th June 2022. A provision of £266k has been made to restate inventories to net realisable value, and as a result the operating loss has increased from £2,716k (as per the unaudited full year results of 15 December 2022) to £2,982k. This has no impact on the Group’s year end net cash position of £1.8 million, as announced.


For more information, please contact:

SkinBioTherapeutics plc
Stuart J . Ashman, CEO
Manprit Randhawa, CFO

Tel: +44 (0) 191 495 7325

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