Pacific Edge Limited (PEB: NZX) is holding its Annual Shareholders’ Meeting at 3pm today in Dunedin. A copy of the speeches and presentation for the meeting have been provided to the NZX (attached).
The company has also today provided growth metrics for Q1 FY22. The strong recovery seen in FY21 has continued into Q1 FY22, with Pacific Edge reporting a record quarter for Total Laboratory Throughput and Cash Receipts.
Total Laboratory Throughput in Q1 FY22 was:
Up 79% on Q1 FY21
Up 9% on Q4 FY21
Up 35% on quarterly average from FY21
Cash Receipts from Customers continue to grow as reimbursement success and volumes grow. Cash receipts in Q1 FY22 were:
Up 142% on Q1 FY21
Up 21% on Q4 FY21
Up 50% on quarterly average from FY21
The business is reportedly being hit hard by increasing air freight industry competition.
The S&P/NZX 50 Index rose 97.07 points, or 0.8%, to 12,447.68.
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