New Milton, UK-based Genetix Group, a cell imaging and analysis firm, has provided an update on trading ahead of its preliminary results for the year ended 31 December 2008, which are expected to be announced in early March.
Revenue for the year is expected to increase by around 14% to about GBP26.2 million ($38.9 million) driven by good growth in clinical instruments, cell biology and the recurring revenue streams of consumables and services. The company's genomics-based instruments revenues are expected to be broadly similar to 2007. Revenue in the year was positively impacted by around GBP800,000 by the strengthening US dollar against sterling.
The Group continues to be strongly cash generative and is expected to finish the year with cash of GBP15.2 million (2007: GBP12.6 million) and no borrowings. Underlying pretax profits and earnings per share are expectted to be inline with market expectations, the firm says.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2025 | Headless Content Management with Blaze