Latest Results
Timestrip Plc is pleased to announce its unaudited interim results for the 6 months to 30 June 2008.
Timestrip Plc ("Timestrip") develops, manufactures and sells two technologies in the field of time and temperature measurement. The patented Timestrip smart label monitors how long perishable food and other replaceable products have been open or in use. The patent pending iStrip undergoes an irreversible colour change when exposed to freezing temperatures and is designed to indicate whether the efficacy of products, such as vaccines, has been compromised.
Key Points
- Steady progress achieved during period under review
- Revenue streams continue to strengthen and build - up 144% on H1 2007
- Balance Sheet strengthened by Placings in May and post-period end in July 2008
- Progress achieved within significant new markets:
- Pharmaceuticals: Timestrip to feature as Shipping Quality Indicator for leading Pharma brand in Q4 2008
- Toothbrushes: Order shipped to leading European brand to support upcoming nationwide promotion in encouraging consumers to replace their toothbrushes regularly
- Repeat revenues streams expected to grow via established clients such as WD40 and United Pet Group which have recently launched new product ranges in the US
| 6 months to 30 June 2008 Unaudited |
6 months to 30 June 2007 Unaudited |
12 Months to Audited |
|
|---|---|---|---|
| £000's | £000's | £000's | |
| Revenue | 268 | 110 | 177 |
| Cost of sales | (128) | (57) | (113) |
| Gross profit | 140 | 53 | 64 |
| Administrative expenses | (843) | (831) | (1,833) |
| Loss from operations | (703) | (778) | (1,769) |
| Finance income | 10 | 54 | 98 |
| Finance costs | (4) | (6) | (9) |
| Loss before tax | (697) | (730) | (1,680) |
| Taxation | 72 | 73 | 1,107 |
| Loss for the period | (625) | (657) | (573) |
| Attributable to: Loss for the period attributable to equity holders of the Company |
(625) |
(657) |
(573) |
| Basic and diluted loss per share | ( 0.19) p | ( 0.21) p | ( 0.18) p |