REG - Renalytix PLC - Re. Results for the fiscal year ended 30 June '24

RenalytixAnnouncement

30/09/2024 17:45

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RNS Number : 3303G  Renalytix PLC  30 September 2024

 

Renalytix plc

("Renalytix" or the "Company")

 

Update on financial results for the fiscal year ended 30 June 2024

 

LONDON and NEW YORK, 30 September, 2024 - Renalytix plc (NASDAQ: RNLX) (LSE:
RENX), an artificial intelligence-enabled in vitro diagnostics company,
focused on optimizing clinical management of kidney disease to drive improved
patient outcomes and advance value-based care, will announce later today its
audited US GAAP financial results for the fiscal year ended 30 June 2024 as
disclosed in its Form 10-K filed with the Securities and Exchange Commission.

 

The full announcement will be available to view on the Company website:

https://investors.renalytix.com/financials-and-filings/sec-filings
(https://investors.renalytix.com/financials-and-filings/sec-filings)

 

Audited Full Year Fiscal 2024 Results under IFRS will be issued in due course.

 

Preliminary unaudited results under IFRS

Renalytix IFRS preliminary unaudited results records a total of $2.3 million
in revenue for the financial year ended 30 June 2024 ("FY24") which was
comprised of $2.1 million in revenue related to testing services as well as
$0.2 million related to pharmaceutical services revenue. Loss before tax,
including loss from impairment of intangibles of $10.2 million and fair value
adjustments to convertible debt of $3.75 million, for FY24 was $44.9 million.
As at 30 June 2024, the Company has total assets of $7.3 million, including
cash and cash equivalents of $4.7 million. Total net liabilities are negative
at $8.5 million, and total equity and liabilities are $7.3 million.

 

There will be differences between US GAAP net losses and the IFRS preliminary
unaudited results mainly relating to accounting treatment of impairment and
amortisation of intangibles made under IFRS compared to US GAAP. A
reconciliation will be provided in the IFRS audited annual report.

 

For further information, please contact:

 

 Renalytix plc                                    www.renalytix.com (http://www.renalytix.com)
 James McCullough, CEO                            Via Walbrook PR

 Stifel (Nominated Adviser and Joint Broker)      Tel: 020 7710 7600
 Nicholas Moore / Nick Harland / Ben Good

 Oberon Capital (Joint Broker)                    Tel: 020 3179 5300
 Mike Seabrook / Nick Lovering

 Walbrook PR Limited                              Tel: 020 7933 8780 or renalytix@walbrookpr.com
                                                  (mailto:renalytix@walbrookpr.com)
 Paul McManus / Alice Woodings / Charlotte Edgar  Mob: 07980 541 893 / 07407 804 654 / 07884 664 686

 CapComm Partners
 Peter DeNardo                                    Tel: 415-389-6400 or investors@renalytix.com (mailto:investors@renalytix.com)

About Renalytix

Renalytix (NASDAQ: RNLX) (LSE: RENX) is an artificial intelligence enabled
in-vitro diagnostics and laboratory services company that is the global
founder and leader in the field of bioprognosis™ for kidney health. In late
2023, our kidneyintelX.dkd test was recognized as the first and only
FDA-authorized prognostic test to enable early-stage CKD (stages 1-3b) risk
assessment for progressive decline in kidney function in T2D patients. By
understanding how disease will progress, patients and clinicians can take
action earlier to improve outcomes and reduce overall health system costs. For
more information, visit www.renalytix.com
(https://urldefense.proofpoint.com/v2/url?u=https-3A__www.globenewswire.com_Tracker-3Fdata-3Dg2rinqbAgg-2Dq5Zua64QfEh-5FImbC7cxpKB9fMEOz3nEgvr6IRtzAZxj77HJRk18dPdtyNTnCS5wIJ1D5jW3xgasJVSc2vtdKOkE7HOw0-2DTGX3cjSHd3i-5FCzFCyLZWUcSKJ8HLs45taXYF90tcW2H5jvJQ66-2Dptubg5SflXxITasXe8SzRw4G-2DCC8UkUEiwPPxyMy0tKineVUS68YuLWDU-2DxoRT-5FxA0mQEJiSlXcxjS4LOlrRcqdgIF2u9l4n8MGLypRT141E4e4yN-2D23wvBu55Q-3D-3D&d=DwMFAw&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=fSst1AtlXyuqcs3cHJXcCRilbI1Qm1WfjNYkVgQfiLE&m=x5AOF5f6YP3tVZ9mKlaIkDkd0lIL7rPPjgjD_AtJ3r5QFzDl5BYrag-ph5zsTQMe&s=1brUk7TUUdW3DplDx8C44VC2kkAYTrWlTciydIqpjoo&e=)
.

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