Blis targets maiden profit, ending 16 years of losses, after more than doubling 2016 sales

Mon, 23 May 2016

By Paul McBeth May 23 (BusinessDesk) - Blis Technologies expects to report its first annual profit in 2017, the first for the biotech company since listing 15 years ago after sales more than doubled in 2016. The Dunedin-based company reported a net loss of $816,000, or 0.07 cents per share, in the 12 months ended March 31, from a loss of $1.4 million, or 0.12 cents, a year earlier, it said in a statement. Revenue more than doubled to $5.6 million, and Blis expects that will rise to $8 million in the 2017 financial year which will underpi...

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