New strategy delivering results
Update | 4 February 2019
Tissue Regenix Group grew underlying revenues by 47% to £11.6m, ahead of our forecasts. This was achieved through the efficient integration of CellRight Technologies and the benefits of the new commercialisation strategy. Tissue Regenix now has a more focused direct marketing approach and is leveraging the return on its research and manufacturing capabilities by entering into strategic partnerships, such as those signed with ARMS Medical and Arthrex, Inc. These new relationships should sustain the strong growth of Tissue Regenix. Our valuation is unchanged for now at 20.9p/share.
|Year-end: December 31||20161||2017||2018E||2019E|
|Adj. PBT (£m)||(10.9)||(9.7)||(9.3)||(6.7)|
|Net Income (£m)||(9.9)||(9.4)||(8.6)||(6.2)|
|Adj. EPS (p)||(1.29)||(1.00)||(0.77)||(0.56)|
20 February 2019
|Shares in issue||1,171m|
|12 month range||5.5-12.2p|
|Primary exchange||AIM London|
Tissue Regenix Group is a regenerative medicine company with a portfolio of soft tissue and bone products and two proprietary platform technologies, dCELL, and BioRinse. Applications include wound care/general surgery, orthopaedics, sports medicine, and dental. Commercialisation of the leading products are underway.
Mick Cooper PhD
+44 (0) 20 3637 5042
+44 (0) 20 3637 5043
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