By Julian Singer Modern Water, the supplier of treatment and monitoring equipment for salty and contaminated fluids, was taken over by DeepVerge, another AIM-listed company, in 2020. Before the takeover DeepVerge’s main product was Labskin, a laboratory-grown skin that mimics human skin and is used by skin care manufacturers and consultants to test products. The [...]

On 18 April, the day before Easter Friday, Modern Water plc reported on the calendar year to 31 December 2018. Overall, the financial figures were rather better than those reported for 2017. Revenue was up by 18 per cent to £4.2 million (2017 £3.5m); gross profit was up by 31 per cent to £2.3m (2017 [...]

On 20 September Modern Water, the supplier of treatment and monitoring equipment for salty and contaminated fluids, released its interim results for the first half of 2018. Revenue increased from £1.56million in H1 2017 to £1.89m in H1 2018, while losses were reduced from £1.81m to £1.39m. As with several companies introducing new technology, Modern [...]

Interim results for Modern Water show revenue of £1.56 million to 30 June 2017, up from £1.14m for H1 2016 but less than £2.49m for H2 2016. Loss before tax was £1.79m, up from £1.72m in H1 2016 and £0.85m for H2 2016. The board can, and does, claim progress over H1 2016 but overall [...]