Lifesafe Holdings Plc (GB:LIFS) has released an update.
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LifeSafe Holdings PLC has reported improved margins and reduced overheads in their latest interim results, with gross margins rising to 66.0% and administrative expenses decreasing by 36%. Despite a drop in revenue to £1.6 million, the company’s transition from a B2C to a B2B2C model and strategic partnerships have led to cost savings and a reduction in net loss. The company remains optimistic about future growth, driven by new industrial partnerships and product orders in international markets.
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