Page 4 - Hardide-Annual-Report-2021
P. 4

 4 Highlights
FINANCIAL HIGHLIGHTS
£3.6m £1.3m
 Revenue of £3.6m
(FY20: £4.8m)
36%
Gross margin of 36%
(FY20: 49%), lower due to the fixed production cost element within cost of sales. Variable margin was 72%
(FY20: 73%)
Gross profit of £1.3m
(FY20: £2.3m)
£(1.5m)
EBITDA loss of £1.5m before exceptional items
(FY20: £0.5m loss)
    £0.8m £1.5m
Fundraising of approximately £0.8m together with a Coronavirus Business Interruption Loan Scheme (“CBILS”) loan of £0.25m in February 2021 to increase cash reserves. Second CBILS loan of £0.25m received in April 2021.
Cash at bank at 30 September 2021 of £1.5m
(FY20: £2.7m)
  
















































































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