Full-year Trading Update

 Yourgene Health plc
(“Yourgene”, the “Company” or the “Group”)
Full-year Trading Update

Manchester, UK – 8 April 2019: Yourgene Health (AIM: YGEN), the international molecular diagnostics group which commercialises genetic products and services, announces a trading update for the year ended 31 March 2019.
Trading Highlights
• Unaudited revenues were ahead of market expectations, increasing by 45% to over £8.9m (2018: £6.1m), with growth in all active regions
• Test volumes increased by 67% to over 82,000 (2018: 50,000)
• International revenues increased by 51% to £5.9m (2018: £3.9m), reflecting continued penetration of Middle Eastern and Asian markets plus growth in non-invasive prenatal screening (“NIPT”) and oncology research services delivered from Yourgene’s Taipei facility
• UK revenues increased by 20% to £1.2m (2018: £1.0m) from existing customers and Yourgene’s own service laboratory in Manchester
• Other European revenues grew by 47% to £1.8m (2018: £1.2m), from a broader network of customers than in the prior year
• In the financial year, the Group generated sales from over 30 countries within Europe, the Middle East, Asia and Africa
• Cash at year end of £1.25m (31 March 2018: £0.28m) reflecting continued careful management of working capital
• The development of a version of the IONA® NIPT test for use on Illumina next-generation sequencing technology remains on course for launch in early 2020
• It is expected that results for the year ended 31 March 2019 will be released in July 2019

Lyn Rees, Chief Executive Officer of Yourgene, commented: “Since joining Yourgene in July 2018, we’ve made significant commercial progress in our existing markets as well as expanding our footprint to further new territories. We are also continuing to develop additional products and recently launched our Sage™ 32 plex test, a new higher throughput NIPT and analysis solution for clinical labs. We have redefined our relationships with Illumina and Thermo Fisher and we are now focused on the significant growth opportunity ahead of us, both within reproductive health and the wider genetic testing landscape.”
Adam Reynolds, Non-executive Chairman of Yourgene, commented: “Yourgene’s business has been transformed over the past financial year and I am delighted to see this being reflected in the Group’s trading performance. Our strengthened leadership team is now fully focused on driving the business into its next phase of growth.”
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information, please contact:  

Yourgene Health plc
Lyn Rees, Chief Executive Officer
Barry Hextall, Chief Financial Officer
Joanne Cross, Head of Marketing
investors@yourgene-health.com

Tel: +44 (0)161 667 1053




Cairn Financial Advisers LLP (NOMAD)
Liam Murray / James Caithie

Tel: +44 (0)20 7213 0880

finnCap (Broker)
Geoff Nash / Matthew Radley (Corporate Finance)
Tim Redfern (Corporate Broking)

Tel: +44 (0)20 7220 0500


Vigo Communications
Ben Simons / Fiona Henson / Antonia Pollock
yourgene@vigocomms.com

Tel: +44 (0)20 7390 0234

 

About Yourgene Health

Yourgene Health is an international molecular diagnostics group which develops and commercialises genetic products and services. The group works in partnership with global leaders in DNA technology to advance diagnostic science.

Our product development, research service and commercial capabilities extend across the lifecycle of genetic test development including regulatory submissions.

Yourgene Health’s first commercialised products are non-invasive prenatal tests (NIPT) for Down’s syndrome and other genetic disorders, targeting a share of an emerging billion-dollar global market.

Prenatal screening is an established clinical practice, but accuracy challenges with traditional methods are driving the need for NIPT and other DNA-based reproductive health testing solutions. Yourgene Health’s customer-focused products and services support all types of customer, irrespective of size, geography and market maturity. Our commercial footprint is already established in the UK, Europe, the Middle East, Africa and Asia.

Through our technical expertise and partnerships, Yourgene Health is aiming to extend its genetic testing offering into complementary areas of reproductive health and oncology.

Yourgene Health is headquartered in Manchester, UK with offices in Taipei and Singapore. For more information visit www.yourgene-health.com and follow us on twitter @Yourgene_Health.


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