Biome Technologies PLC

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BiomeTechnologies Publishes Preliminary Results for 2016 Wednesday, 29th March 2017

Biome Technologies plc announces its Preliminary Results for the year ended 31 December 2016.

Highlights

  • Group revenues in 2016 of £4.6m (2015: £4.9m)
  • Group EBITDA of £0.2m (2015: EBITDA loss of £0.3m), including one-off benefit of £0.4m settlement incomeGross margin improvement resulting in reduced EBITDA loss, on a like-for-like basis, to a loss of £0.2m (2015: loss £0.3m), excluding settlement income
  • Gross margin increased to 51% (2015: 43%)
  • Group cash position at 31 December 2016 of £1.5m (31 December 2015: £1.6m), excluding £0.45m received under the settlement agreement following the period end

 Paul Mines, Chief Executive Officer said:

 "The Group delivered a solid performance in 2016 and has carried significant momentum into 2017. Within the Stanelco RF division the order book is robust and also has a strong enquiry pipeline to support our aims. The Biome Bioplastics division has made significant progress in the launch of its filter material and the Board expects this new product to move into the commercialisation phase in 2017.  

The Group's cash position remains robust and the Board remains confident in the Group's outlook for 2017.”

Biome Technologies Publishes Interim Results for H1 2016 Tuesday, 30th August 2016

The interim results can be found here

Biome Technologies Publishes Annual Report for 2015 Thursday, 31st March 2016

The annual report for 2015 can now be found here.

Biome Technologies Pre-Close Announcement Tuesday, 26th January 2016

Biome Technologies plc’s pre-close trading statement for the financial year ended 31 December 2015 is set out below.

Group revenues for the year reached £4.9m, a 37% increase on the revenues of £3.6m reported for 2014.

The Group made a small profit before interest, tax, depreciation, amortisation, and incentive scheme charges in the second half of 2015 (based on unaudited management accounts). This builds on the achievement of meeting this long term strategic KPI on a similar basis for the first time in the third quarter of 2015. 

Revenues in the Bioplastics division reached £1.9m, an increase of 29% on the 2014 revenue of £1.4m. A new temperature resistant material is now in its commercialisation phase and is providing an additional revenue stream.

The RF division finished the year strongly and achieved full year revenues of £3.0m, a 42% increase on the 2014 revenue of £2.1m. This revenue growth was achieved across a broader spread of equipment types than in previous years. A robust order book for the first half of 2016, including the previously announced delivery of the advanced analytical equipment to a regulated industry, is in place.

The Group's cash position at 31 December 2015 was £1.6m (30 September 2015: £1.7m).

Consequently, the Board expects the financial performance for the full year of 2015 to be above the market’s current expectations. Trading in 2016 has started in an encouraging manner.

The preliminary results for the year ended 31 December 2015 are scheduled to be published on 30 March 2016.

Biome Technologies Interim Results Announced Tuesday, 1st September 2015

investors

Biome Technologies plc is delighted to welcome you to our online investor relations area for both existing and prospective shareholders. Read More 

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Wednesday, 29th March 2017

BiomeTechnologies Publishes Preliminary Results for 2016

The results for 2016 show some improvement in profitability over the previous year, albeit they do not demonstrate the step-change in underlying performance we had expected earlier in the year. Whilst revenues and EBITDA from the Stanelco RF Technologies division remained robust throughout the year, the performance of Biome Bioplastics was constrained by both softness in its already commercialised technologies and delays to new product launches with its customers. Despite this, significant progress was made in the second half of 2016 towards the new product launches from both a technical and commercial perspective, resulting in initial sales from an important new revenue stream. As a result, we are moving into 2017 with a positive outlook about the Group as our new products approach the commercialisation phase. In addition, the Group’s cash resources have been further strengthened by the settlement of legacy licensing arrangements with a third party at the end of 2016 and the resultant cash receipts of £0.45m in early 2017. Read More

Tuesday, 30th August 2016

Biome Technologies Publishes Interim Results for H1 2016

Highlights: • Group revenues £2.2m (H1 2015: £2.1m) • Reduced loss before interest, depreciation, amortisation, and share option charges of £0.1m (H1 2015: loss of £0.3m) • Margins improved at 50% (H1 2015: 39%) • Initial quantities of the “BiomeMesh” product delivered by the Bioplastics Division • Healthy Stanelco RF Technologies enquiry book stretching into 2017 Paul Mines, Chief Executive Officer said: “The prospects for the suite of bio-materials for the coffee market developed by the Biome Bioplastics division is encouraging as products move into commercialisation albeit exact timing of large scale deployment rests on extensive final testing. The RF Division continues to deliver a strong underlying performance.” Read More

Thursday, 31st March 2016

Biome Technologies Publishes Annual Report for 2015

The results for 2015 are now published. Read More

Tuesday, 26th January 2016

Biome Technologies Pre-Close Announcement

Biome Technologies announces its pre-close trading statement for the financial year ended 31 December 2015. Read More

Tuesday, 1st September 2015

Biome Technologies Interim Results Announced

The Interim Results for 2015 are now available in the investors section of the website Read More

Wednesday, 25th March 2015

Biome Technologies Preliminary Results Announcement

Biome Technologies announces its Preliminary Results for 2014 Read More

Thursday, 22nd January 2015

Biome Technologies Releases Pre Close Statement

Pre Close Statement released Read More

Thursday, 24th July 2014

Biome Technologies releases Trading Update

Biome has released a trading update covering the first half of 2014 Read More

Friday, 28th March 2014

Biome Technologies Annual Report for 2013 and AGM Notice 2014

Biome Technologies publishes its Annual Report 2013 online and the notice of its AGM Read More

Thursday, 27th March 2014

Biome Technologies Announces Preliminary Results for 2013

Biome Technologies plc announces its Preliminary Results for the year ended 31 December 2013. Read More

Monday, 27th January 2014

Pre Close Statement for 2013

Biome has announced a pre-close statement for 2013 Read More

Sunday, 1st September 2013

Biome Announces Interim Results for 2013

Biome Technologies announces its Interim Results for the six months ending 30 June 2013 Read More

Monday, 29th July 2013

Capital Reorganisation Process Completed

Biome Technologies Completes Capital Reorganisation Process Read More

Wednesday, 22nd May 2013

Property Settlement - Capital Reorganisation - Notice of General Meeting

Biome Technologies announces settlement of legacy leases and proposals for a reorganisation of its capital structure Read More

Monday, 15th April 2013

Presentation to Shareholder

Presentation given to Shareholders at Warwick University on 15 April 2013 Read More

Wednesday, 3rd April 2013

Biome Bioplastics to investigate new source of organic chemicals for bioplastic manufacture

Technology Strategy Board awards grant to a consortium led by Biome Technologies Read More

Tuesday, 2nd April 2013

Biome Technologies Notice of Annual General Meeting

The 2013 Annual General Meeting to be held on Thursday 25 April Read More

Thursday, 6th September 2012

Biome Technologies Announces Proposed Sale of its 50% stake in Biotec

Biome Technologies plc announces the proposed disposal to Sphere S.A. of the Company’s 50 per cent. holding in Biotec Read More

Tuesday, 24th April 2012

Result of AGM

Biome announces that at the Company's Annual General Meeting held earlier today all resolutions were duly passed. Read More

Monday, 2nd April 2012

Biome Technologies Notice of Annual General Meeting

The AGM will be held on Wednesday 25th April in London. Read More

Wednesday, 28th March 2012

Biome Technologies Publishes Annual Report and Financial Statements 2011

The 2011 report and account have been published. Read More

Wednesday, 28th March 2012

Biome Technologies Announces Preliminary Results for 2011

Biome Technologies delivers its strongest year of trading through revenue growth and continued cost control. Both Bioplastic and Stanelco RF Divisions profitable for the first time. Read More