Physiomics plc (LSE:PYC) reported a 51% increase in revenue for the first half of its financial year, with income rising to £498,000 — the strongest half-year performance in the company’s history.
Despite the top-line growth, the group recorded an operating loss of £327,000, wider than the prior year. Management attributed the increased loss to investment in new hires and higher spending on external contractors during the period.
Total operating costs for the six months reached £855,000, while net income came in at negative £301,000.
A notable milestone in the half was the launch of Physiomics’ new Biometrics service line. The division has already secured four initial contracts, providing an early contribution to revenue and supporting broader growth across the business.
For the full fiscal year, the company expects total income to rise by 27% year-on-year. Physiomics also forecasts lower operating expenses in the second half as reliance on external consultants declines.
Management highlighted additional expansion potential from the Biometrics unit and cited a robust pipeline of prospective contracts that could underpin future revenue growth.
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