InnovaDerma PLC looks to the future after GBP4.5mln fundraiser

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  • InnovaDerma says trading in line as gross margins increase substantially
  • InnovaDerma raise GBP4.5mln to accelerate their ecommerce model and new product development
female skin care

Quick facts: InnovaDerma PLC

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InnovaDerma is a UK developer and marketer of beauty, personal care, and clinically proven life science products.

The company has a presence in the UK, Europe, the US, Australasia, Asia, and Africa.

08 Jul 2021

() ended the financial year trading in line with expectations as it said it identified “goodwill and other balance sheet write-downs that will require non-cash prior year adjustments”.

The maker of the Skinny Tan range generated revenues for the 12 months to June 30 of GBP10.2mln, while the underlying loss was GBP900,000 before accounting charges or GBP1.5mln.

The direct-to-consumer operation saw a marked seasonal improvement in the second half.

This was a “satisfactory performance given the challenges we have faced”, the beauty and personal care company told investors.

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29 Apr 2021

Ross Andrews, chairman of (LON:IDV), the health and personal care specialist, said management was confident of a return to historic consumption levels for its products, including the popular Skinny Tan range.

The pandemic curb to overseas travel has ultimately had a knock-on impact on those buying sun care products.

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12 Apr 2021

() announced it is set to complete fundraising plans proposed in January.

The maker of beauty, personal care and life science products is looking to raise up to GBP500,000 through the issue of up to 1.4mln open offer shares.

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29 Apr 2021

‘s (LON:IDV) Blake Hughes presents his plans to Proactive London for their GBP4.5mln fundraiser.

The firm is planning to focus on ecommerce to ‘go from impressive numbers to even further’, and accelerate InnovaDerma’s direct-to-consumer strategy as well as strengthening its balance sheet.

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InnovaDerma raise GBP4.5mln to accelerate their ecommerce model and new…

InnovaDerma PLC’s (LON:IDV) Blake Hughes presents his plans to Proactive London for their GBP4.5mln fundraiser.

The firm is planning to focus on ecommerce to ‘go from impressive numbers to even further’, and accelerate InnovaDerma’s direct-to-consumer strategy as well as strengthening its…

on 29/4/21

2 min read

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