AIM movers: GENinCode reimbursement news and Revolution Beauty disappoints

GENinCode (LON: GENI) says that its heart disease risk assessment product CARDIO inCode is included in the US 2025 Clinical Lab Fee Schedule enabling reimbursement from Medicare and Medicaid. The price varies from $450-$570. It is also being used to prevent heart disease in Catalonia. The share price jumped 122.7% to 7.125p.

Empyrean Energy (LON: EME) has completed the acquisition of an option to participate in the Wilson River project. The share price soared 43.8% to 0.115p.

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Rental housing and student accommodation developer Watkin Jones (LON: WJG) reported better than expected 2023-24 pre-tax profit of £9.2m, following the previous year’s loss. The new Refresh business generated initial revenues, and this could be a bigger opportunity than originally anticipated. Institutional investment should recover when interest rates fall. Net cash rose to £83.4m despite a £16m cash outflow for cladding remediation work provided for in the accounts previously. The share price recovered 22.5% to 24.3p.

Floorcoverings supplier Airea (LON: AIEA) had a much better second half growing by 6% and full year revenues were 0.6% ahead at £21.2m. International sales were still lower in 2024 despite a 11.8% increase in the second half. Inventory levels have been reduced. There will be non-recurring costs. The equipment is expected to be installed in the new manufacturing facility during the second quarter. An investment property worth £4.1m is still up for sale. David and Monique Newlands increased their shareholding from 11.1% to 12.4%. The share price improved 17.5% to 23.5p.

Mindflair (LON: MFAI) investee company Sure Valley Ventures has made a £1.5m investment in Vizgard, which is an AI company involved in distributed solutions for defence and public safety applications. Mindflair has also clarified the condition for the third tranche of options issued to director Nicholas Lee. This requires the share price to be above 4p for five consecutive days for the options to vest. The share price rose 16.7% to 1.225p.

FALLERS

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Quantum Blockchain Technologies (LON: QBT) has raised £2m at 1.15p/share so that it can invest in its Bitcoin mining technology. Last week, it announced a breakthrough for its Bitcoin Artificial Intelligence model mining tool. The Method C AI Oracle provides a 30% improved performance compared with other methods. The company is seeking a chip manufacturing partner to produce a commercial product. The share price has lost 25.4% to 1.175p, but it is still 62% higher over the past week.

Revolution Beauty (LON: REVB) is having a poor fourth quarter to February 2025 with some retail launched delayed until the first quarter of 2025-26. This includes a launch in Walmart in the US. Online trading was also weaker than expected. Full year revenues are forecast to fall by one-quarter to £143.6m and a profit is no longer expected. A £1.6m loss is likely. The 2025-26 pre-tax profit forecast has been more than halved from £5m to £2.4m. Net debt is set to stay around £25m. The share price declined 20.3% to 11.25p.

Despite the full year results being in line with expectations shares in electronic and electro-mechanical components supplier LPA Group (LON: LPA) have slipped 14.2% to 51.5p. Revenues were 8% higher at £23.5m and the pre-tax loss was £200,000, although a R&D tax credit meant that there was a post-tax profit. A complementary line of power supply products has been acquired. A 2024-25 pre-tax profit of £400,000. It will take time for the new chief executive Philo Daniel-Tran to influence the results.

AI-technology services provider Pri0r1ty Intelligence (LON: PR1) is forming a strategic partnership with Funding Circle, the small business loans provider. Pri0r1ty Intelligence clients will be provided access to loans of up to £750,000 via its platform. Pri0r1ty Intelligence will get an introducer commission of up to 6.5%. The share price fell a further 10.7% to 6.25p. The fundraising for the reversal of the business into the previously listed shell Alteration Earth was done at 13.5p.

Ex-dividends

Brickability (LON: BRCK) is paying an interim dividend of 1.12p/share and the share price is down 2p to 57.8p.

Elixirr International (LON: ELIX) is paying an interim dividend of 6.3p/share and the share price declined 9p to 721p.

Gooch & Housego (LON: GHH) is paying a final dividend of 8.3p/share and the share price fell 9p to 451p.

Origin Enterprises (LON: OGN) is paying a final dividend of 13.65 cents/share and the share price is unchanged at 272 cents.

Solid State (LON: SOLI) is paying an interim dividend of 0.83p/share and the share price is unchanged at 152.5p.

Tracsis (LON: TRCS) is paying a final dividend of 1.3p/share and the share price is unchanged at 432.5p.

M Winkworth (LON: WINK) is paying a dividend of 3.3p/share and the share price is unchanged at 200p.

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