Biome Australia Limited (ASX:BIO) Reports Record Quarterly Sales
Record Quarterly Sales Revenue
Biome Australia Limited (ASX: BIO) has announced record quarterly sales revenue of approximately $4.6 million for Q2 FY25. This achievement marks a $100,000 increase over the market forecast of $4.5 million. For the first half of FY25, the company reported sales revenue of around $8.9 million, reflecting a robust growth of 48.3% compared to the same period last year.
Growth Metrics and Future Outlook
The sales revenue from Q2 represents an annualised run rate of around $18.4 million. Biome anticipates strong growth to persist throughout FY25, particularly as the second half of the financial year is expected to be its strongest seasonal sales period. Currently, Biome is achieving a compounded annual growth rate (CAGR) of 70.5%, far exceeding the 45% CAGR required to meet the high end of its Vision 27 revenue target.
Executive Comments
Blair Vega Norfolk, Managing Director and Founder of Biome Australia Limited, stated, “I am excited to share this result for Q2 FY25, another record quarter in sales revenue following our recent release of Biome’s Vision 27, which outlined our growth plan and prospects over the next three years…” Norfolk expressed optimism for future performances, particularly driven by the upcoming cold and flu season and the launch of the Activated Therapeutics product range.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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