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Oxford Nanopore Technologies PLC ( (GB:ONT) ) just unveiled an update.
Oxford Nanopore Technologies plc reported strong momentum in the second half of 2024, with a full-year performance aligning with their guidance, driven by a 23% underlying revenue growth and a slightly higher gross margin than expected. Despite challenges in the broader sector, the company demonstrated resilience with significant growth in customer end-markets beyond research, particularly in BioPharma and Clinical markets, and maintained a robust cash position, supporting their medium-term outlook for continued growth and achieving EBITDA breakeven by 2027.
More about Oxford Nanopore Technologies PLC
Oxford Nanopore Technologies plc is a company at the forefront of developing nanopore-based molecular sensing technology, enabling real-time, high-performance analysis of DNA and RNA. Their technology is applied across various fields including healthcare, food, agriculture, and environmental studies, and is utilized in over 125 countries to enhance understanding of biological processes and diseases.
YTD Price Performance: 1.71%
Average Trading Volume: 3,427,421
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.25B
Learn more about ONT stock on TipRanks’ Stock Analysis page.
