Hardide (LSE: HDD) reported its depressed Covid finals for the Y/E September 2021 and as expected it was a hacking great LBT (Loss before Tax) of £2.8m on £3.6m Revenue.
The 28% fall in revenue was accompanied by a 1% increase in Administration costs to £2.8m although going forward a relocation into more efficient premises is expected to make savings of £100k. In February £0.8m was raised at 30.9p a share and along with a soft Covid loan of £250k cash is around £1.5m. The Board are confident that maintaining its production capacity, during these hard Covid time, will pay dividends.
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