Diaceutics Plc expects FY19 revenue to be around £13.4 million

  • Jan 13, 2020 GMT
  • Team Kalkine

Diaceutics Plc (LON: DXRX) has released a trading update for the year ended 31 December 2019.

  • The Group’s revenue is expected to be around £13.4 million as compared to £10.4 million for 2018.
  • The adjusted EBITDA for the year to 31 December 2019 is expected to be above £2.1 million as compared to £1.5 million of 2018, well ahead of market expectations.
  • Driven by key areas of geographic and technical focus for Diaceutics including Oncology, the overall precision medicine market is expected to double in size from 2018 to 2026.
  • On 13th January 2020, at the time of writing, GMT 08:17 AM, DXRX shares were trading at GBX 117.50, up by 15.50 points or 15.20 % against the previous day closing price.

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