Deepverge Plc forecasts weak annual revenue, shares fall

Deepverge

05/08/2022 09:26

** Ireland-based pharmaceutical company Deepverge Plc
 DVRG.L  falls 6.6% to 14.25p
    ** Co expects revenue, for full year to Dec. 31, to be in
excess of 18 mln pounds ($21.9 mln), which is below current
market expectations  urn:newsml:reuters.com:*:nASM000MBG
    ** Also expects "modest" reduction in gross margins for FY
    ** "There remains uncertainty as to whether the conversion
rate, over the next few months, of prospects into orders for
delivery this calendar year will meet previously expected levels
- co
    ** As of last close, stock down 35.79% so far this year

 (Reporting by Kavya B in Bengaluru)
 ((Kavya.B@thomsonreuters.com;))