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An announcement from Bioxyne Limited ( (AU:BXN) ) is now available.
Bioxyne Limited reported a record second quarter for the fiscal year 2025, with a 77% increase in revenue compared to the first quarter and a 310% rise from the previous year’s second quarter. The company achieved positive operating cash flow, allowing it to expand its manufacturing capacity and plan for further expansion into the UK and Europe. The company’s robust performance is attributed to major contracts, a growing customer base, and an expanding product range, particularly driven by BLS Australia’s manufacturing capabilities. The anticipated regulatory approvals for UK exports and the planning of a GMP manufacturing facility in Europe signify Bioxyne’s strategic growth initiatives.
More about Bioxyne Limited
Bioxyne Limited is an Australian life sciences, pharmaceutical, and consumer health products company. It is known for its innovative approach in the industry, particularly through its subsidiary, Breathe Life Science (BLS) Australia, which is a leading manufacturer and wholesaler of novel medicines. The company holds a significant position in the market with its Good Manufacturing Practice (GMP) License for medical cannabis products, including the first Australian license for Psilocybin and MDMA production.
YTD Price Performance: 11.11%
Average Trading Volume: 2,080,728
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$61.48M
Find detailed analytics on BXN stock on TipRanks’ Stock Analysis page.
