Biome Technologies (GB:BIOM) has released an update.
Biome Technologies PLC, a leader in bioplastics and radio frequency technology, has updated its trading outlook, indicating a delay in expected revenues from its Bioplastics division due to customer-related production and regulatory challenges. The RF Technologies division is on track with significant contracts set to boost revenue in the latter half of 2024. However, overall Group revenues for 2024 are projected to be below market expectations, with a small loss anticipated.
For further insights into GB:BIOM stock, check out TipRanks’ Stock Analysis page.
