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Stock impact report

Prenetics Announces Second Quarter 2024 Financial Results

Prenetics Global Limited - Class A Ordinary Share (PRE) 
Company Research Source: PR Newswire
Cost Optimization Boosted Gross Margin by 21.7% YoY in H1 2024Enters U.S. Health Market in October with IM8, a New Health and Wellness brandRe-affirms Revenue Target to Exceed US$33 million for FY 2024CHARLOTTE, N.C., Oct. 7, 2024 /PRNewswire/ -- Prenetics Global Limited (NASDAQ: PRE) ("Prenetics" or the "Company"), a leading health sciences company, today announced unaudited financial results for the second quarter ended June 30, 2024, along with recent business updates.Second Quarter 2024 Financial HighlightsRevenue from continuing operations of US$5.9 million, as compared to US$6.5 million in the second quarter 2023 attributable to clinical segment revenues, which are anticipated in the latter half of the year.Gross profit from continuing operations of US$3.8 million, an increase of 23.6% as compared to the second quarter 2023.Gross margin of continuing operations increased to 63.4% from 46.8% in the second quarter 2023 driven by operational efficiencies, better pricing strategies, Show less Read more
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