Bioporto: Preliminary 2024 figures
Bioporto released preliminary figures for fiscal year 2024 yesterday after market closed.
Guidance 2024
Revenue FY 24 DKK 40 mio.
Adj ebitda loss DKK 75–90 mio. midpoint -82,5
Preliminary figures 2024
Revenue DKK 36,2 mio. vs. DKK 31 mio (FY23) +17% YoY and vs. Guidance -9,5%
Adj ebitda loss DKK 68-73 mio. vs. Guidance 75-90 mio.
Revenue for the fourth quarter DKK 7,9 mio. vs. DKK 6,6 mio (Q4-23) +20%
CEO in Bioporto comments “Overall I am very satisfied with the preliminary results for 2024. Having a very ambitious revenue target, we managed to deliver solid revenue growth based on increased Research Use Only Sales of NGAL in the US. We look forward to the US commercial launch of the FDA cleared ProNephro AKI (NGAL) this year. For adjusted EBITDA, the improved estimate is primarily due to tight cost control and lower than expected costs related to our clinical study in the US for adult usage of ProNephro AKI (NGAL).”
The company will release the annual report on March 20 – 2025 and will participate in HC Andersen Capital seminar January 16 – 2025.
Sign up for seminar here: HCA Capital seminar
Disclaimer: HC Andersen Capital receives payment from Bioporto for a Digital IR/Corporate Visibility subscription agreement. /Claus Thestrup 08:15 AM 06.01-2025.
BioPorto
BioPorto is a Danish in-vitro diagnostics company with headquarters in Copenhagen, Denmark. The company was founded in 2000. BioPorto has one marketed product, the NGAL test, for early diagnosis of acute kidney injury (AKI), which is commercially available in Europe, Canada, Asia, and Israel. It has received breakthrough designation from the FDA for AKI in the pediatric indication, for which it is currently conducting data analysis following the completion of enrollment of patients for its Phase 3 study which will lead to an expected application to FDA. Future plans include further FDA submission for adult indication as well as other markets.
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