Oxford Nanopore Technologies (ONT)

Sector:

Pharma and Biotech

134.80p
   
  • Change Today:
      0.30p
  • 52 Week High: 220.60
  • 52 Week Low: 86.55
  • Currency: UK Pounds
  • Shares Issued: 954.11m
  • Volume: 10,935,624
  • Market Cap: £1,286.14m

Oxford Nanopore H1 revenues and profits surge

By Iain Gilbert

Date: Tuesday 13 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Molecular sensing technology outfit Oxford Nanopore Technologies said on Tuesday that both revenues and profits had surged in the six months ended 30 June, primarily driven by increased life science research tools revenues.
Group revenues were up 107% on a reported basis at £122.3m, with LSRT revenues growing 34% to £70.6m, primarily driven by increasing customer numbers, and non-recurring Covid-19 testing revenues shooting up 709% to £51.8m.

Gross profits rose 158% to £78.0m and gross margins increased 12.5 points to 63.7%.

Adjusted underlying losses widened by £15.4m to £34.6m, as higher LSRT gross profits were offset by increased operating expenses, while the group's overall loss for the period narrowed by £14.6m to £30.2m.

Cash and cash equivalents and Treasury deposits of £602.6m were down slightly from £618.2m as of 31 December 2021.

Looking forward, Oxford Nanopore said year-to-date trading was in line with expectations, with the group expecting full year 2022 LSRT revenues to be in the range of £145.0m to £160.0m.

The AIM-listed group also noted that full-year revenue guidance already accounted for an expected tapering of Covid-19 sequencing revenues in the second half of the year and an anticipated drop in Emirati Genome Program revenues of £15.0m to £20.0m - lower than previously forecast.

As of 1015 BST, Oxford Nanopore shares were up 2.21% at 278.0p.







Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

ONT Market Data

Currency UK Pounds
Share Price 134.80p
Change Today 0.30p
% Change 0.22 %
52 Week High 220.60
52 Week Low 86.55
Volume 10,935,624
Shares Issued 954.11m
Market Cap £1,286.14m

ONT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.4% below the market average18.4% below the market average18.4% below the market average18.4% below the market average18.4% below the market average
4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average
Price Trend
25.89% below the market average25.89% below the market average25.89% below the market average25.89% below the market average25.89% below the market average
2.04% above the sector average2.04% above the sector average2.04% above the sector average2.04% above the sector average2.04% above the sector average
Income Not Available
Growth
13.51% below the market average13.51% below the market average13.51% below the market average13.51% below the market average13.51% below the market average
17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average

ONT Dividends

No dividends found

Trades for 01-Nov-2024

Time Volume / Share Price
11:13 1,000,000 @ 134.60p
16:35 325,998 @ 134.80p
16:35 1,087 @ 134.80p
16:35 5,885 @ 134.80p
16:35 8,553 @ 134.80p

ONT Key Personnel

CEO Gurdial (Gordon) Sanghera
CFO Nick Keher

Top of Page