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Prices & Quotes - UK Markets - Abingdon Health (ABDX)

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Share Price:
Down 35.50p
Change Today:
-1.40p
Market Cap:
33.97m
Sector:
Health Care Equipment & Services

Abingdon Health FY revenues at bottom end of guidance

By Iain Gilbert

Date: Wednesday 27 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Covid-19 test kit manufacturer Abingdon Health warned on Thursday that full-year revenues would be at the bottom end of forecasts.
Abingdon Health recorded an adjusted underlying loss of 3.3m for the year ended 30 June, in line with previous guidance, while full-year revenues were roughly 11.6m, up from 5.2m a year earlier.

However, despite the marked increase in revenues, the result was still at the lower end of forecasts, which originally had revenues pegged to be somewhere in the range of 11.4m to 17.0m.

The AIM-listed group said it had been encouraged by ongoing discussions regarding its AbC-19 test kit and added that it was continuing to work on registering the product in a range of territories but Abingdon stated it had seen no "significant commercial traction" thus far.

Chief executive Chris Yates said: "Abingdon continues to see material opportunities for the AbC-19 rapid test both in the UK and internationally and we anticipate the onus switching to a more integrated testing approach which utilises the potential cost and practical benefits of neutralising antibody testing alongside both PCR and antigen testing."

As of 1210 BST, Abingdon shares had slumped 20.54% to 29.40p.

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

 

ABDX Market Data

Currency UK Pounds
Price 35.50p
Change Today -1.40p
52 Week High 126.00p
52 Week Low 27.50p
Volume 830,206
Shares Issued 95.70m
Market Cap 33.97m
Beta 0.97

Performance Indicators

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ABDX Dividends

No dividends found

Trades for 29-Nov-2021

Time Volume / Share Price
16:29 2,777 @ 36.00p
16:27 10,000 @ 34.55p
16:26 6,358 @ 35.05p
16:26 2,200 @ 36.43p
16:25 2,124 @ 35.55p

ABDX Key Personnel

CEO Chris Henry Francis Yates
CFO Melanie Ross