Pacific Edge (PEB)

Business description

Pacific Edge develops and sells a portfolio of molecular diagnostic tests based on biomarkers for the early detection and management of cancer. Tests utilising its Cxbladder technology for detecting and monitoring bladder cancer are sold in the US, New Zealand and Australia.

Early signs of revenue traction

Update | Pharmaceutical & healthcare | 16/12/2014

Pacific Edge has reported encouraging headline results for its fiscal H115 ending in September. Sales reached NZ$1.59m, of which NZ$714k was attributed to trading revenue, a 774% increase from the previous year. The net loss of NZ$4.9m in the six months to September was roughly in line with the previous six-month period, indicating continued lean management and cost control. Additionally, the company has announced the launch of complementary bladder test Cxbladder Triage in New Zealand. We value Pacific Edge at NZ$369m (previously NZ$338m).

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Stock data

Market cap.NZ$177.2m
Last closeNZ$0.380
High / Low (52 weeks)NZ$0.6 / NZ$0.3
Stock market listingNZ
Forecast net cash (NZ$m)22.8
Forecast gearing ratio (%)N/A
SectorPharmaceutical & healthcare

Price performance

Relative *(8.8)6.6(41.2)

* % Relative to local index

Company news

Pacific Edge

Tue, 13 Mar 2018 21:22:30 GMT

Pacific Edge

Sun, 21 Jan 2018 22:52:30 GMT

Pacific Edge

Mon, 16 May 2016 20:01:58 GMT

Pacific Edge

Tue, 26 May 2015 13:03:54 GMT

Pacific Edge

Wed, 13 Dec 2017 22:35:06 GMT