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Universal Biosensors Annual General Meeting Presentation

  • Published July 13, 2015 11:03AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

ASX Announcement, 9th July 2015

Key Highlights: last 12 months

Acceleration in revenues from blood glucose monitoring 

  • Quarterly Services Fees up to $2.9m in Q1 FY’15 (up 142% on pcp)

First strip manufacturing revenues from blood coagulation monitoring

  • CE Mark and launch of Siemens Xprecia StrideTM Coagulation Analyzer
  • Xprecia StrideTM wins international Red Dot Design Award and Australian Design Award
  • Cumulative revenues from PT-INR strip manufacturing of $288K (to 31st March 2015)

Continued leveraged investment in new product development 

  • Around 70% of R&D investment (last 12 months) funded by partners and R&D Tax Rebates,
  •  Progressing the expansion of our product portfolio;
    – UBI-owned PT-INR test for decentralised and home use
    – Further POC coagulation tests for Siemens
    – Demonstration  of immunoassay platform capability

Revenue growth driving improved financial performance 

  • Two product revenue streams now in play
  • Increasing contribution from Product & Services
  • Cash breakeven in sight

To read the full presentation, please click here.

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