Final results

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EKF Diagnostics Holdings plc (AIM: EKF), the AIM listed point-of-care business, announces its final results for the year ended 31 December 2018.

 

Financial highlights

  • Revenue up 2% to £42.5m (2017: £41.6m)
  • Gross profit broadly flat at £22.7m (2017: £22.9m)
  • Adjusted EBITDA* up 15% to £10.7m (2017: £9.3m)
  • Profit before tax £12.2m (2017: £4.3m), over 2.8 times higher
  • Basic Earnings per share of 2.21p (2017: 0.59p), underlying basic earnings (excluding exceptional items and share based payments) of 1.01p (2017: 0.58p)
  • Cash generated from operations of £9.9m (2017: £10.1m)
  • Cash at 31 December 2018 of £10.3m (31 Dec 2017: £8.2m), net cash of £9.4m (31 Dec 2017: £7.0m)

* Excluding exceptional items and share based payments

 

Operational Highlights

  • Successful flotation of Renalytix AI plc creating significant shareholder value
  • Achieved US FDA 510(k) clearance for point-of-care and CLIA waiver for the DiaSpect Tm
  • Major private label distribution agreement with McKesson for the Tm
  • US FDA 510(k) clearance for Quo-Test in clinical laboratory setting
  • Upgrade to Elkhart (Indiana, USA) enzyme facility and contract to supply enzymes to US biopharma Oragenics for use in their pharmaceutical products

 

Christopher Mills, Non-executive Chairman of EKF, said:

“This has been a very successful year, which has allowed us to provide significant rewards for shareholders. We are confident that we will continue to make progress in 2019. Trading in the first quarter to date has been satisfactory, in line with management expectation.”

 

Enquiries:

EKF Diagnostics Holdings plc
Christopher Mills, Non-Executive Chairman
Julian Baines, CEO
Richard Evans, Finance Director and COO

www.ekfdiagnostics.com
Tel: 00 44 29 2071 0570
N+1 Singer (Nomad & Broker)

Aubrey Powell / Lauren Kettle / George Tzimas (Corporate Finance)

Tom Salvesen (Corporate Broking)
Tel: 020 7496 3000

Walbrook PR Limited
Paul McManus
Lianne Cawthorne

Tel: 020 7933 8780 or
Mob: 07980 541 893 / 07584 391 303

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