Biome Technologies (GB:BIOM) has released an update.
Biome Technologies PLC reported a decrease in revenues and gross profit for the first half of 2024 compared to the previous year, attributing the decline primarily to challenges faced by its Bioplastics division. However, the company’s RF Technologies division performed according to expectations, securing contract wins. Additionally, Biome has raised funds through a Convertible Loan Note in March and subsequent equity fundraising in September, which was well-received and oversubscribed.
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