France · Delayed Price · Currency is EUR Novacyt Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew to GBP 11.6 million in H1 2026, driven by the Southern Cross acquisition and organic growth. Gross margin declined to 56% due to product mix, but adjusted EBITDA loss improved year-on-year. Restructuring and a new Illumina partnership position the business for future growth.
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Acquisition of Southern Cross Diagnostics accelerates growth, profitability, and product expansion, with immediate accretive impact and direct access to key customers in Australia and New Zealand. Capital raise was oversubscribed, strengthening the balance sheet and supporting future product launches and partnerships.
Fiscal Year 2025
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Revenue grew 4% year-on-year to GBP 20 million, with strong gross margins and reduced losses. Strategic R&D investment, new product launches, and the Southern Cross acquisition are driving growth, with double-digit revenue growth targeted for 2026.
Fiscal Year 2024
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Operational consolidation and cost control delivered GBP 8 million in savings, with reproductive healthcare and consumables driving 26% year-on-year growth. Underlying gross margin exceeded 60%, and cash reserves remain strong, supporting continued R&D investment.
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Double-digit growth in core reproductive health products and a GBP 7 million cash boost from DHSC dispute resolution have strengthened the financial position. Integration of Yourgene is ahead of schedule, with cost savings and R&D investment supporting future growth.