Q1 Sales revenue represents a ~$17m annualised run rate (ARR)
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ASX ANNOUNCEMENT 1 October 2024 Biome reports record quarterly sales revenue for Q1 FY25
● Biome achieves record quarterly sales revenue of ~$4.25m (unaudited)
● Sales revenue increased ~$1.51m or 55% vs PCP Q1 FY24
● Sales revenue increased ~$450k or 12% vs Q4 FY24
● Q1 Sales revenue represents a ~$17m annualised run rate (ARR) Microbiome health company Biome Australia Limited (ASX: BIO) (‘Biome’ or ‘the company’) is pleased to provide a trading update for Q1 FY25. Biome’s quarterly sales revenue totalled ~$4.25m (unaudited), representing a 55% increase vs the previous corresponding period (Q1 FY24, $2.74m) and 12% above the previous record quarter (Q4 FY24, $3.8m).
This result exceeded the $4m target for the quarter (Ref: ASX announcement dated 3 September 2024) by $250k or 6.3%. Biome’s Q1 sales revenue represents an annualised run rate of $17m, with growth expected to continue through the remainder of FY25.
Biome Australia’s Managing Director and Founder, Blair Vega Norfolk, commented: “I am excited to share this result for Q1 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.
I look forward to sharing further updates on our growth and performance in the coming periods.” -ENDS
Return (inc div) 1yr: 465.38% 3yr: N/A 5yr: N/A
Distributer footprint:
Ecotrend Ecologics | Natural Health Product Distributor
Today we manage over 2500 retail and over 2500 professional accounts, as well as work with over 120 fantastic and unique brands. Ecotrend believes in the human touch. Family and friends play an important role in the almost familial relationships we are proud to maintain with our brands. Treating both people and our planet with dignity, Ecotrend has nurtured a foundation of loyalty and trust. Health is not just supplements and vitamins; it’s a lifestyle. Ecotrend Ecologics is your go-to distributor for high-quality lifestyle products, including top brands of vitamins and supplements.
I checked Biome website:
Activated Probiotics® is a world-first range of live biotherapeutic products clinically proven to help prevent and support the management of various health concerns, including low mood and sleep, bone health, iron malabsorption, mild eczema and IBS, through randomised double-blind placebo-controlled trials. Through practitioner-only distribution, Biome is committed to educating health professionals on the newfound systemic health effects of the gut microbiota and helps them to provide innovative and evidence-based complementary medicines for the management of some of humanity’s most prevalent and chronic health concerns.
Biome also developed and distributes scientifically formulated, organic nutraceutical range Activated Nutrients®.
