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Oxford Nanopore Technologies H1 Loss Narrows, Revenue Up 25.6%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Oxford Nanopore Technologies plc (ONT.L) Tuesday reported loss before tax of 69 million pounds for the first half, lower than 71.4 million loss for the corresponding period last year, primarily helped by growth in revenue.

Net loss was 71.8 million pounds or 7.5p per share, down from 74.7 million pounds or 8.7p per share loss a year ago.

Revenue for the period grew 25.6% to 105.6 million pounds from 84.1 million pounds for the previous year.

For the full year, the company continues to expect revenue to grow in the range of 20%-23% on a constant currency basis.

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