Circa Group
Logotype for Circa Group

Circa Group (CIRCA) investor relations material

Circa Group has been delisted

Circa Group Q2 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Circa Group
Q2 2024 earnings summary22 Aug, 2024

Executive summary

  • Q2 2024 focused on securing funding, advancing the Resolute/ReSolute project, and developing high-value market applications, with a revised business plan prioritizing profitability and market-driven growth.

  • Operations at Resolute/ReSolute are paused pending environmental permit, with lease extended to 15 years and strong support from French authorities and local stakeholders.

  • Market interest and commercialization efforts intensified, with new supply, distribution, and collaboration agreements in pharma, cosmetics, and green solvents.

  • New CFO appointed in April 2024; Extraordinary General Meeting in August 2024 approved measures to facilitate capital raising.

Financial highlights

  • Q2 2024 revenues and other income totaled EUR 136k, down from EUR 598k in Q2 2023; YTD 2024 at EUR 279k versus EUR 772k YTD 2023.

  • Net loss before tax for Q2 2024 was EUR -2.08m, compared to EUR -1.05m in Q2 2023; YTD net loss before tax at EUR -4.02m versus EUR -2.65m YTD 2023.

  • Cash and cash equivalents at Q2 2024 stood at EUR 2.4m, down from EUR 27.5m in Q2 2023 and EUR 11.4m at year-end 2023.

  • Fixed assets increased to EUR 34.4m at Q2 2024 from EUR 14.5m in Q2 2023; capitalized plant and equipment reached EUR 43m as of 30 June 2024.

  • EUR 4.4m in grants received in Q2 2024; of EUR 20m announced grants, EUR 16m have been received to date.

Outlook and guidance

  • Funding solution of EUR 60m sought to cover needs through end of 2026, with all options under evaluation including asset sales.

  • Aim to secure environmental permit for Resolute/ReSolute by Q4 2024 and have the plant operational by end of 2025.

  • Continued focus on high-value applications, optimizing product mix, and expanding distribution agreements.

What assets might be sold for funding?
How does French support accelerate permit approval?
How will CMO partnerships scale pharma intermediates?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Circa Group
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Circa Group engages in the production of biochemicals for the pharmaceutical, agricultural and consumer goods industries, and independent research groups. The company develops microbial production platforms to produce fermentation products, such as high quality gummies, cosmetics, and sports nutrition products.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage