Theradiag reports annual revenues for 2018 and its year-end cash position

On February 20, 2019 THERADIAG (ISIN: FR0004197747, Ticker: ALTER), a company specialiazing in in vitro diagnostics and theranostics, reported its consolidated full-year revenues for 2018 and its cash position at December 31, 2018, figures which are currently being audited (Press release, Theradiag, FEB 20, 2019, View Source;utm_medium=rss&utm_campaign=theradiag-reports-annual-revenues-for-2018-and-its-year-end-cash-position [SID1234533518]).

In the year to December 31, 2018, Theradiag generated consolidated revenues of €8.9 million, from €9.0 million in 2017. Activity over the year was affected by the drop in theranostics revenues, which did not see exceptional orders in the first half of the year, whereas in the first half of 2017 revenues were boosted by strong activity levels following the signature of agreements with pharmaceutical companies.

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Thus 96% of theranostics revenues was generated by the sale of kits for routine use, which grew by 17% relative to 2017. Export sales of theranostic kits for routine use grew by 19%.

Revenues from IVD were stable, rising 1%.

"Despite the absence of non-recurrent sales in 2018, overall revenues were stable and the sales of LISA TRACKER kits for routine use continued to rise both in France and in export markets, with total growth of 17%. This reflects continued market penetration and the growing use of routine monitoring of patients, driven in particular by the development of biotherapies for chronic conditions. Over the year, Theradiag is likely to maintain the trends established and approach breakeven." commented Bertrand de Castelnau, CEO of Theradiag.

Cash position

At December 31, 2018 the Group had net cash of €3.4 million, compared to €5.2 million a year earlier.

Next press Release:

Full year earnings 2018: March 27, 2019

This date is given for indicative purposes and may be changed.