Hardide plc Interim Statement: Revenue Growth resumes, New CEO appointed

Hardide plc (LON:HDD) has announced its interim Statement for the six months ended 31 March 2024

Financial Highlights

Six months ended 31 March:

£m20242023Change
Revenue2.12.9-0.8
Gross margin %41.0%46.7%-5.7ppts
EBITDA(0.5)-0.5
(Loss) before tax(1.0)(0.6)-0.4
Cash balance at 31 March0.70.7

Two months ended 31 March 2024

£m2 months to 31.3.24
Revenue0.9
Gross margin %48.3%
EBITDA

Business and Commercial Highlights

·    Return to EBITDA and net cash flow break even since the successful net £0.75m equity fund raise in February

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