Biome surpasses $7m sales revenue target
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
15 June 2023
FY23 Trading Update
● Biome Australia surpasses $7m FY23 sales revenue target
Microbiome health company Biome Australia Limited (ASX: BIO) (‘Biome’ or
‘the company’) is pleased to announce a FY23 trading update.
Sales revenue growth continues to accelerate in Q4 FY23, driven by Biome’s
Activated Probiotics® in both pharmacy and independent practitioner sales
channels. Biome has surpassed its FY23 full year forecast of $7m with a half
month of trading remaining in the financial year.
Biome Australia Managing Director, Blair Norfolk, said:
“On behalf of the board and management of Biome Australia, we’re pleased
to share this trading update. Reaching our $7 million target is a great
achievement building on $4.12 million in FY22 and $2.23 in FY21. With our
deep understanding of our products and distribution channels, we look
forward to strong growth in FY24. Biome continues to commercialise novel
clinical research, which will lead to a number of key product launches in H1
FY24 to improve health outcomes for new patient groups with unmet
medical needs.”
-ENDSApproved for release by the Biome Australia board of directors.
About Biome Australia Limited
Biome Australia develops, licenses, commercialises and markets innovative,
evidence-based live biotherapeutics (probiotics) and complementary medicines,
many of which are supported by clinical research. Biome aims to improve health
outcomes and quality of life, and make its products accessible to all.
Biome distributes its products in Australia, New Zealand and the United Kingdom. In
partnership with some of the world's leading organisations in microbiome research
and development, Biome has developed a range of unique live biotherapeutic
(probiotic) products with innovative delivery technologies that improve their stability
and efficacy to create its flagship range of complementary medicines: Activated
Probiotics®.
Supported by clinical research, including randomised double-blind
placebo-controlled trials, Activated Probiotics® help prevent and support the
management of various health concerns, including low mood and sleep, bone
health, iron malabsorption, mild eczema and IBS. Through practitioner-only
distribution, Biome is committed to educating health professionals on the newfound
systemic health effects of the gut microbiota, helping them to provide innovative,
evidence-based natural medicines for the management of some of humanity's most
prevalent and chronic health concerns.
For more information visit: www.biomeaustralia.com
Investor Relations
Jo Power
+61 (3) 9017 5800
corporate@biomeaustralia.com
Media enquiries
support@activated.co
Forward looking statements
This release may contain forward looking statements, including but not limited to projections,
guidance on future revenues, earnings, other potential synergies and estimates and the future
performance of Biome (Forward Looking Statements).
Forward Looking Statements are provided as a general guide only and should not be relied upon as an
indication or guarantee of future performance. Actual results, performance or achievements may
differ materially from those expressed or implied in such Forward Looking Statements and any
projections and assumptions on which these Forward Looking Statements are based. Such statements
may assume the success of Biome's business strategies. You are cautioned not to place undue reliance
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The Forward Looking Statements are based on information available to Biome as at the date of this
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this release is for illustrative purposes only and is not represented as being indicative of Biome's views
on its future financial condition and/or performance. The historic financial information for the
September 2021 financial quarter and revenue figures for October and November 2021 have not been
audited or reviewed by Biome's auditors. Such information should not be taken as a guide for future
performance.
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achievement or reasonableness of any Forward Looking Statements (or any event or results expressed
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acquisition of securities in Biome.
Investors are strongly cautioned not to place undue reliance on Forward Looking Statements,
particularly in light of the current economic climate and the significant volatility, uncertainty and
disruption caused by the Covid-19 pandemic.
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