Science In Sport (GB:SIS) has released an update.
Science in Sport PLC reports a resilient performance for the FY23 with a slight decrease in revenue to £62.7m and an improved underlying EBITDA of £2.0m, marking a turnaround from a previous loss. The company has undergone significant restructuring, including a new leadership team and cost rationalization measures projected to save over £6m annually. The strategic shift away from aggressive expansion to controlled, profitable growth is setting the stage for a promising FY24 and beyond.
For further insights into GB:SIS stock, check out TipRanks’ Stock Analysis page.
