hVIVO plc (OPORF,HVO.L), a full-service early-phase Contract Research Organisation, on Tuesday reported a loss for the first half of the year compared with the previous year.
For the six months ended June 30, loss before income tax came in at 138 million pounds from 7.15 million pounds in the previous year.
Loss per share attributable to shareholders during the period was 0.02 pence compared with earnings per share of 0.76 pence last year.
Adjusted earnings per share attributable to shareholders were 0.28 pence versus 0.80 pence last year.
EBITDA before exceptional items decreased to 3.02 million pounds from 8.73 million pounds in the last year.
Operating loss came in at 370 million pounds from 6.89 million pounds in the prior year.
Revenue declined to 24.19 million pounds from 35.64 million pounds in the previous year.
Further, the company remained in line with expectations, with revenues of £47 million and a low single-digit EBITDA loss forecast for the full year.
The board expects these to be temporary and remains confident in long-term growth, projecting high single-digit revenue growth in 2026.
hVIVO is currently trading, 0.44% higher at 9.04 on the London Stock Exchange.
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