Coronavirus impact: 22 Sept - a mixture of caution and excellence
Despite the lockdown restrictions there were plenty of positives from our resilient small caps with a bicycle business probably the pick of the bunch
Inspecs: sales slump over a very tough periodInspecs Group (LON:SPEC), the global eyewear design house and manufacturer, which arrived on AIM in February , issued predictably awful interim results for the six months ending 30 June 2020. Revenue tumbled 45% to $16.7m and the Group fell into a pre-tax loss of $8.3m compared to the comparable period’s profit of $5.1m. Cash flow was more positive with a net operating cash outflow of $2.5m leaving period end net cash at 30 June 2020 of $10.5m. Despite the challenging environment Inpsecs committed to its investment plans which included construction of their plant…