DeepVerge’s AGM of 26 July 2021 provided its Board with an ideal platform to highlight both the Group’s transformational past year and the exceptional opportunities it now has to deliver substantial, profitable growth going forward.
While COVID-19 continues to present major, ongoing challenges for the global economy, this extraordinary predicament has nevertheless positioned the Group to capture multiple, newly created opportunities in sizeable and wholly unsatisfied, long-term global markets.
Having already provided investors with guidance of £10 million revenue for the current year along with delivery of its first ever quarterly EBITDA profits, DeepVerge recently significantly strengthened its balance sheet through a £10 million (gross) placing to accelerate commercialisation/roll-out/fulfilment/manufacturing scale-up across its three focussed divisions.
Expecting regulatory enforcement to deliver a surge in demand for its unique products and services, most particularly across the Microtox and MicroTrace range, the Microtox® BT nano-optofluidic Rapid Breath Test and Skin Trust Club (‘STC’) home test kits, the Board now expresses a high level of confidence in its ability to deliver a further substantial leap in revenues and profitability for 2022E.
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