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Share Price: 3.30

Bid: 2.60

Ask: 4.00

Change: 0.25 (8.20%)

Spread: 1.40 (53.846%)

Open: 3.05

High: 0.00

Low: 0.00

Prev. Close: 3.05

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Proteome profit to be higher than expected thanks to royalties boost

Fri, 26th Mar 2021 13:02

(Alliance News) - Proteome Sciences PLC on Friday said its 2020 profit after tax will be "materially higher" than previously guided because of an increase in royalties.

Shares were up 24% to 4.70 pence in London.

The extra profit is primarily because of higher-than-expected royalty receipts from Thermo Fisher Scientific Inc in the fourth quarter. In January, research services provider Proteome said it expected to report around GBP30,000 profit after tax, down from GBP149,000 in 2019. Revenue was expected to be unchanged at GBP4.6 million.

Proteome recorded a pretax loss in 2019 of GBP36,000 but benefited from a GBP185,000 tax credit that year.

London-based Proteome is due to release its 2020 results on April 1.

By Ivan Edwards; ivanedwards@alliancenews.com

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10 Apr 2024 11:26

Proteome Sciences shares drop as revenue plunges and swings to loss

(Alliance News) - Proteome Sciences PLC on Wednesday said it swung to a loss in 2023 on higher costs, and saw its revenue plunge on contract delays.

2 Jan 2024 14:44

Proteome launches San Diego lab operations

(Sharecast News) - Proteomics services provider Proteome Sciences announced the installation and start of operations at its new laboratory in San Diego, California, on Tuesday.

2 Jan 2024 10:52

IN BRIEF: Proteome Sciences says San Diego lab now fully operational

Proteome Sciences PLC - London-based protein-focused drug development services provider - Completes installation and setup of equipment in its new lab in San Diego, California. The lab is now fully operational. Back in May, Proteome had announced it was expanding its proteomics services to the US. Says that the lab is "well placed to serve demand from a growing number of US customers looking to outsource proteomics projects to underpin their drug development programmes".

1 Dec 2023 12:01

Proteome Sciences issues profit warning after project delays

(Sharecast News) - Proteome Sciences, the AIM-listed protein sequencing contract research organisation, has warned it will swing to a net loss this year with full-year sales lower than expected.

30 Nov 2023 11:04

AIM WINNERS & LOSERS: Totally slides again; Proteome warns on earnings

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

30 Nov 2023 09:42

Proteome Sciences shares drop as cuts annual revenue outlook

(Alliance News) - Proteome Sciences PLC shares plummeted on Thursday, after it cut its revenue outlook for 2023 amid delays to projects.

2 Oct 2023 10:17

Proteome Sciences sees shares surge on SysQuant service launch

(Alliance News) - Proteome Sciences PLC on Monday launched SysQuant SCP, a commercial service for single cell proteomics using isobaric labelling reagents.

25 Aug 2023 12:07

LONDON MARKET MIDDAY: FTSE 100 pushes higher ahead of Fed chair speech

(Alliance News) - The FTSE 100 edged higher at midday on Friday as all eyes turned to US Federal Reserve Chair Jerome Powell's address at Jackson Hole later in the day.

25 Aug 2023 10:26

AIM WINNERS & LOSERS: Panthera Resources secures litigation financing

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

25 Aug 2023 09:11

Proteome Sciences revenue, earnings dip in firist half

(Sharecast News) - Proteome Sciences released its unaudited financial results for the first six months of the year on Friday, reporting an increase in its proteomics services revenues to £1.01m, from £0.85m a year earlier.

25 Aug 2023 09:10

Proteome Sciences shares fall as swings to interim loss on costs

(Alliance News) - Proteome Sciences PLC on Friday reported higher costs in the first half of 2023 despite revenue remaining virtually flat, causing a swing to a loss.

4 Jul 2023 14:12

IN BRIEF: OnTheMarket new CFO Tom Carter starts role

OnTheMarket PLC - Aldershot, Hampshire-based property listing website - Confirms that Tom Carter has started his role as chief financial officer. He is the former CFO of beauty brand business Brand Architekts Group PLC, from 2020 until just before starting his role at OnTheMarket. He was previously CFO at the London-based drug development services provider Proteome Science PLC.

1 Jun 2023 16:43

IN BRIEF: Proteome Sciences repays GBP824,400 loan in full to Vulpes

Proteome Sciences PLC - London-based drug development services provider - Says it has repaid in full its outstanding loan and associated interest, totalling GBP824,424, to Vulpes Investment Management Private Ltd, as originally announced in July 2018 and amended in March last year.

17 May 2023 14:45

TRADING UPDATES: Proteome Sciences revenue up; Mpac sees improved 2023

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

12 May 2023 11:07

Proteome Sciences to open new San Diego facility

(Sharecast News) - Proteomics service provider Proteome Sciences announced its plan to expand operations into the United States on Friday, with a new facility to be located in San Diego, California.

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