EKF Diagnostics - Interim results

Tuesday, Oct 04 2011 by

EKF Diagnostics, the point of care diagnostics company, announced that Interim results to June 2011 (with pro-forma comparative results) showed sales of £7.4 million (2010: £6.0 million) and adjusted EBITDA of £210,000 (2010: £(51,000)). The pre-tax loss was £1.55 million (2010: £(302,000)), actual not pro-forma.

The company reported that the period was impacted by the costs involved in moving from an essentially owner-managed structure and culture to one that is more reflective of the demands of a higher-growth/higher governance led environment. Gross margin was 64% (2010: 58%). Period end net cash was £2.8 million.

The EKF share price has increased by 3% over the past year.

EKF Diagnostic Holdings Plc is currently graded C by LCF Research. To learn more, follow the link.


Disclaimer:  

This note was prepared by LCF Research Limited using information provided by the subject company’s management or publically available news sources. No representations are made nor warranties given (express or implied) in relation to accuracy and completeness. This document is not an invitation to invest in the subject company and does not purport to contain all the necessary information that a prospective investor might require. LCF Research Limited recommends prospective investors to conduct their own thorough independent analysis of the subject company and the information contained in this note or referred to above.


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EKF Diagnostics Holdings Plc is focused on the In-Vitro Diagnostic device (IVD) market place. The Company is engaged in the designing, development, manufacture and selling of diagnostic instruments, reagents and certain ancillary products. This activity takes place across various geographical locations which include the United States America, Germany, Poland, Russia, United Kingdom and Ireland. The Company’s segments include the manufacture and sale of medical diagnostic equipment. Other services include the servicing and distribution of third party company products under separate distribution agreements. In March 2014, EKF Diagnostics Holdings PLC acquired Separation Technology Inc. The subsidiaries include: EKF Diagnostics Limited; Quotient Diagnostics Limited; EKF-diagnostic GmbH Germany; Senslab GmbH 2; EKF Diagnostyka Sp.z.o.o. ;EKF Diagnostika ; EKF Diagnostics Inc ; Stanbio Laboratory LP ; Stanbio Life Sciences LP ; EKF Diagnostics Limited, and 360 Genomics Limited. more »

Share Price (AIM)
19.75p
Change
0.0  0.0%
P/E (fwd)
26.0
Yield (fwd)
n/a
Mkt Cap (£m)
83.4



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