‘Pivotal year’ for Healthbeacon as company ramps up revenue

said it saw sigificant revenue growth in 2021 as the company experienced a “pivotal year”.

The company recorded a loss from operating activities of €7.3 million, more than double the €3.42 million recorded in 2020. This was due to costs related to Healthbeacon’s initial public offering, which saw it list on the Euronext Growth Dublin in December, along with an increase in wages and salaries. The company’s staff increased to 47 employees last year, up from 34 the previous year as operations grew in line with expected growth and demand.

Healthbeacon said its outlook was positive, with continued growth in units, revenue and gross margin over the medium term.

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