Surgical Innovations Group Plc (GB:SUN) has released an update.
Surgical Innovations Group Plc, a designer and manufacturer of medical technology for minimally invasive surgery, reported a 6% revenue increase to £12.01m in 2023, exceeding Board expectations with a record year. However, the company faced lower gross margins and an adjusted operating loss before tax, due to operational and supply chain challenges. Despite these hurdles, the Chair expressed confidence in the company’s sustainable growth trajectory, backed by strong sales momentum, strategic product launches, and new distribution contracts aiming for expansion in key markets.
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