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Stock impact report

Why Is Clinical Diagnostics Focused Trinity Biotech Stock Trading Higher On Tuesday? [Yahoo! Finance]

Trinity Biotech plc - American Depositary Shares (TRIB) 
Last trinity biotech plc - american depositary shares earnings: 10/26 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: trinitybiotech.com/investor-relations
Company Research Source: Yahoo! Finance
The company received substantial additional orders for TrinScreen HIV . Due to this demand and the scaling of production capacity, the company is now increasing its expected 2024 sales revenue for TrinScreen HIV to approximately $10 million, up from $8 million President and Chief Executive Officer of Trinity Biotech, John Gillard, said, “We are pleased to have scaled up our manufacturing capacity to meet the increased demand for TrinScreen HIV. Also, as a company with a strong presence in infectious disease, we have also increased our manufacturing capacity for our FDA 510(k) cleared viral transport medium, FlexTrans, in anticipation of potential increased customer demand due to the recently declared World Health Organization Public Health Emergency of International Concern for Mpox.” Trinity Biotech reported second-quarter sales of $15.8 million. Strong demand and output in TrinScreen HIV drove a 14.0% year-on-year revenue increase and a 7.7% quarter-on-quarter revenue increase Show less Read more
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