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The latest update is out from Biome Australia Ltd ( (AU:BIO) ).
Biome Australia Ltd reported a record quarterly sales revenue of approximately $4.6 million for Q2 FY25, with the first half sales revenue reaching approximately $8.9 million, marking a 48.3% increase compared to the same period in the previous fiscal year. The company has achieved a compounded annual growth rate (CAGR) of 70.5% over the past three years, showcasing strong financial performance despite seasonal challenges. The announcement highlights the company’s expectation of continued growth, supported by its strategic plan, Vision 27, and the upcoming launch of new products, which positions Biome favorably in the market and signals a promising outlook for stakeholders.
More about Biome Australia Ltd
Biome Australia Limited is a microbiome health company that develops, licenses, commercializes, and markets innovative, evidence-based live biotherapeutics (probiotics) and complementary medicines. Established in 2018, the company focuses on improving health outcomes and quality of life, distributing its products both locally in Australia and internationally in collaboration with leading microbiome research and development organizations.
YTD Price Performance: -1.69%
Average Trading Volume: 554,420
Technical Sentiment Consensus Rating: Sell
See more insights into BIO stock on TipRanks’ Stock Analysis page.