New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Pacific Edge's (PEB) 3Q24 update highlights ongoing softness in lab throughput with -8% year on year and -16% sequential declines as it reduces its sales force headcount.</li><li>As previously communicated, PEB has orientated its US sales force to focus on its more profitable territories, with its US sales team now 17 people versus a peak of 34. </li><li>No additional details were given on the Local Coverage Determination (LCD) coverage decision which is due by 26 July 2024. </li></ul>

Pacific Edge's (PEB) 3Q24 update highlights ongoing softness in lab throughput with -8% year on year and -16% sequential declines as it reduces its sales force headcount.As previously communicated, PEB has orientated its US sales force to focus on its more profitable territories, with its US sales team now 17 people versus a peak of 34. No additional details were given on the Local Coverage Determination (LCD) coverage decision which is due by 26 July 2024. 

Pacific Edge - 3Q24 — Cost and Revenue Decline