InnovaDerma PLC provided revenue guidance for the year ended June 30, 2020. The company group expects revenues to be up 2.3% against the previous year at c. £13.2 million compared to £12.9 million a year ago. The significant impact of COVID-19 and the combination of higher on-line advertising costs, lower margins of DTC product bundles and the closure of bricks and mortar retail channels has unfortunately impacted profitability. It is estimated that the aggregate cost of these related factors in the normally profit weighted second half of the year has been in excess of £0.9 million. As a result, the Group expects to make a much-reduced profit compared to the previous year.