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PYC — Physiomics News Story

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UK's Physiomics H1 operating loss widens due to onboarding of new staff

Overview

UK data science firm's H1 revenue grew 51% yr/yr, reaching highest half-year income

Operating loss increased due to new staff onboarding and contractor use

Company launched Biometrics service line, securing first four contracts

Outlook

Physiomics expects FY total income to rise by 27% from the previous year

Company anticipates reduced operating expenses in H2 due to less reliance on external consultants

Physiomics sees growth opportunities from Biometrics division and strong contract pipeline

Result Drivers

REVENUE GROWTH - Revenue increased 51% yr/yr, driven by record contract wins and expansion into new service lines

BIOMETRICS EXPANSION - Launch of Biometrics service line contributed to growth, securing first four contracts

OPERATING LOSS INCREASE - Operating loss rose due to onboarding new staff and reliance on external contractors

Key Details

MetricBeat/MissActualConsensus Estimate
H1 RevenueGBP 498,000
H1 Net Income-GBP 301,000
H1 Operating Expenses-GBP 855,000
H1 Operating Income-GBP 327,000
Press Release: ID:nRSP1565Ta For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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