Microsaic Systems PLC - Surrey-based mass spectrometry equipment - Pretax loss widens to £3.4 million in 2021 from £2.6 million in 2020, as share-based payments jump to £1.4 million from just £52,241. More positively, revenue multiplies to £906,876 from £198,258. Attributes this to an order intake that exceeded £1 million, due to delayed orders from 2020 and a stronger order intake in the second half, ‘indicating newly secured instrument and service business in Environmental and Human Health.’ Plans to focus on generating sustainable, recurring revenue from multiple sources.

‘2021 was transformational with a new board, new business model and the financial injection that has delivered significant progress in the ongoing move from product sales to customer-centric service solutions in Human and Environmental Health. This has resulted in the identification of multiple sources of revenues that are expected to maintain growth this year and into 2023,’ Executive Chair Gerry Brandon says.

Current stock price: 0.085 pence, up 3.0% on Monday

12-month change: down 67%

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