NZX-listed BLIS Technologies gains after forecasting higher revenue

BLIS Technologies

04/04/2023 01:23

** Shares of healthcare products developer BLIS Technologies
Ltd  BLT.NZ  rise as much as 7.4% to NZ$0.029
    ** Co hikes full-year revenue estimates to around NZ$10.1
mln ($6.36 mln), compared with earlier guidance of NZ$9.5
mln-NZ$9.8 mln, on account of improved company performance 
    ** Co further expects EBITDA deficit of between NZ$0.6 mln
and NZ$0.7 mln, compared with earlier range of NZ$1.0 mln to
NZ$1.2 mln
    ** More than 527,000 shares change hands, compared with the
30-day average volume of about 238,000 shares
    ** Stock has risen 8% this year, as of last close

($1 = 1.5878 New Zealand dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))