UK's Futura Medical soars after strong 2023 performance
06/02/2024 08:44
** Shares of Futura Medical Plc FUM.L surge as much as
33.6% to 37p; stock top pct gainer across London
** Pharma firm developing sexual health products expects to
report its first meaningful revenues generated from product
sales for 2023 of about 3.1 mln pounds ($3.9 mln)
** Delivers a gross margin of about 58% in 2023
** Had a strong January, getting additional orders in excess
of 500,000 pounds during the month - Futura
** Stock set to post best day since April 30, 2021, if trend
holds
** Shares at session high as at 0839 GMT; stock had lost
over 50% in 2023
($1 = 0.7962 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))