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Flexion communicated its trading update, beating its own expectations with an estimated revenue growth of 136%. However, the revenue growth was somewhat below Redeye’s relatively high expectations. Total revenue will be close to GBP 6.6 million versus our estimate of GBP 7.65 million. The gross margin amounted to GBP 0.8 million compared to our estimate of GBP 0.96 million.
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