Biome Technologies (GB:BIOM) has released an update.
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Biome Technologies has revised its revenue expectations for 2024 after facing delays in completing key RF projects due to component delivery challenges. The company now anticipates a significant shortfall in revenue and profitability compared to market expectations and is exploring debt options to address early 2025 working capital needs. Additionally, John Standen has stepped down from the Board, with Martin Rushton-Turner stepping in as Interim Chairman.
For further insights into GB:BIOM stock, check out TipRanks’ Stock Analysis page.
