Microsaic has provided an unaudited trading update for the year ended 31 December 2021 (‘FY21’).
Confirming revenues for the period significantly exceeded those of the FY20, recovering to a level slightly ahead of that in FY19, CEO Glenn Tracey also noted that “If 2021 was about turnaround and transition, then 2022 is about significant business inflection”.
This reflects his Board’s conviction that the Group’s transition to workflow solution sales will establish higher-level end-user engagement going forward, having already reported a healthy sales opportunities pipeline at the opening of the new year. Taking a measured approach to market access while also seeking to limit operational expenditure, the past year has seen Microsaic refocus on growing its business in conjunction with partners, such as DeepVerge plc (AIM: DVRG, ‘DeepVerge’) in water detection collaborations, with contract research organisations in bioprocessing, through the extension of its Chinese activity with a range of local partners, and via OEM/other strategic partnerships that are presently under discussion.
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