News and Announcements
Analytica Announces 2016 Full Year Results; Total Revenue Up 89%; Granted US Patent for AutoStart Burette System in US
- Published September 02, 2016 1:05PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
31st August 2016, ASX Announcement
Analytica Ltd (ASX: ALT) “the Company” the manufacturer of the PeriCoach system, is pleased to announce its full year results for the financial year ended 30 June 2016.
Operational Highlights
- FDA Over-the-counter (OTC) clearance for PeriCoach
- Granted US patent for AutoStart burette system in US
- PeriCoach was granted patent protection in China in August
- Received FDA clarification for sexual health indication for PeriCoach
- AutoStart burette system listed through Queensland Health Tender in June
Financial Summary
- Total revenue up 89% to $2.1M
- Research & Development $2.59M
- Marketing development $1.94M
- Reported loss down 25% to $4.0M
- Cash position at end of year $1.25M
In FY16 the Company completed intensive market research, and reduced sales and marketing activity which has been reflected in the reduction in spend. With capital placements this and next month, together with this year’s R&D tax credit and reduced spend, the Company has sufficient cash flow into FY17.
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