News and Announcements
Universal Biosensors H1 2016 Results, Presentation and Audio Presentation
- Published July 22, 2016 10:23AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
21st July 2016, ASX Announcement
Highlights:
- Total revenue of $10.5 million in 1H16, up 41% on1H15
- Revenue from Quarterly Service Fees – generated by sales of glucose test strips – $10.3 million, up 58% on 1H15
- Net loss of $1.2 million, improvement from 1H15 net loss of $4.1 million and trending towards breakeven
- R&D expenditure $7.9, down 20% on 1H15 due to refocus of product development pipeline and containing costs
- Cash balance of $13.2 million, up from $10.7 million
Universal Biosensors (ASX:UBI) today released its financial results for the first half of 2016.
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