Puricore Q4 revenue up 39%

Green cleaning company Puricore said revenue in the fourth quarter increased 39% to $14.3m as it moved into EBITDA profitability during the period.

The firm, which makes water-based clean technology to kill contagious pathogens, in a range of markets including endoscopy, food retail, floral, laboratory clean air and wound care, said it had ended the year in a strong position across all three business.

Shares in the group surged in December after it announced new order wins with a US supermarket chain, valued at $2.3m and with the Greater Glasgow Health Board.

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Chairman Chris Wightman said, "We achieved EBITDA profitability for the business as a whole in the fourth quarter and reported a profit in each of our business divisions."

"The board remains confident in the ongoing profitability of each division and in PuriCore collectively in 2012 but continues to maintain a prudent approach to costs in a business that is highly dependent upon NHS spending in the UK, and the strength of consumer spending in the US," he added.

Across its divisions, supermarket retail revenue increased 148% to $7.3m in the final quarter. Endoscopy revenue decreased 5% to $6.8m while wound care revenue increased 81% to $0.2m. Puricore saw positive cash flow from operations.

Looking ahead the group said it believes the current business mix will deliver both robust growth and significant cash generation.

"We will continue to make progress on promising new business opportunities in each division as well as in new market segments."