bullish
Clinuvel Pharmaceuticals (CUV AU): 38% Revenue Growth Led to Sixth Consecutive Profitable Year
183 Views31 Aug 2022 18:26
SUMMARY
- Clinuvel Pharmaceuticals (CUV AU) announced strong FY22 performance, with 38% y/y revenue growth to A$67 million. Profit before tax increased 33% y/y to A$34.3 million.
- The cash reserves increased 47% y/y to A$121.51 million as of June 30, 2022. Balance sheet is strong with no debt, and high liquidity due to the accumulated cash reserves.
- Increasing penetration of Scenesse in existing jurisdictions and new jurisdictions, and extend the use of afamelanotide to adolescent EPP patients should drive near-term growth of the company.
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Rising
Tina Banerjee
Global Healthcare Analyst
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