Inspiration Healthcare Group plc provided revenue guidance for the year ended 31 January 2024. The Company expects to report revenues for FY24 of £37.0 million, which is below current market expectations. This mainly relates to a delay to one material export order that was due to be shipped during the current financial year and is now expected to be shipped early in FY25.

As a result of the timing difference, net debt is approximately £6.4 million (excluding IFRS16 lease liabilities) and the Company has sought a covenant waiver from its lender in respect of the 31 January 2024 covenant test date.