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Inspiration Healthcare Group PLC - Croydon, England-based medical technology company specialising in neonatal intensive care devices - In financial 2024, company swung to £6.0 million pretax loss from £76,000 pretax profit a year prior. Revenue down 8.7% to £37.6 million from £41.2 million. Administrative expenses rise 31% to £23.1 million from £17.7 million. No final dividend declared, down from 0.41p, while total dividend falls 67% to 0.205p from 0.615p. In financial 2025, management expects revenue to be weighted towards the second half. Chair Roy Davis says: ‘Over the course of the year, we have seen underlying growth in our core neonatal and infusion businesses due to increased demand... Despite challenging market conditions, the group has a number of significant market opportunities and is well placed to deliver long-term sustainable growth.’ Company announced plans to place 17.3 million shares at an issue price of 14 pence each to raise approximately £2.4 million. In addition, directors and senior management will participate in a subscription of 535,712 shares at the same price to raise £75,000. A further retail offer, via Winterflood Retail Access platform, for up to 3.6 million shares at the issue price will raise £500,000. Current stock price: 18.50 pence each 12-month change: down 67% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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