Open Orphan Plc (GB:HVO) has released an update.
hVIVO Plc reports a robust first half of 2024 with a 30.6% increase in revenue to £35.6 million and a significant improvement in EBITDA margins, up to approximately 24% from 19.1% in the previous year. The company’s cash reserves are strong at £37.1 million, and they have reaffirmed their full-year revenue guidance at £62 million. With the new Canary Wharf facility now operational, hVIVO is poised for continued growth and is on track to meet their medium-term revenue target of £100 million by 2028.
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