Haydale announced its unaudited interim results for the six months ended 31 December 2024. Revenues decreased by 50% to £1.25 million, and the company's operating loss increased by 32% to £2.13 million. At the end of the year, the company had £1.99 million in cash and equivalents.
Haydale has recently changed its business strategy, to focus the business on near-term revenue opportunities, aggressively reduce costs and stem cash outflows in 2025. The monthly run-rate operating expenses for the remaining UK business is approximately £275,000.
Posted: Mar 14,2025 by Ron Mertens
