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Pin to quick picksTyratech Regulatory News (TYR)

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Pre-close Trading Update

1 Feb 2016 07:00

RNS Number : 5211N
TyraTech, Inc.
01 February 2016
 

Strictly Embargoed for 07.00: 1st February 2016

TyraTech, Inc.

("TyraTech" or the "Company")

Pre-Close Trading Update

TyraTech, Inc. (AIM: TYR and TYRU), a life sciences technology company focused on nature-derived insect and parasite control products announces its pre-close trading update ahead of its preliminary results for the year ended 31 December 2015.

2015 has been a step change year for the business with a large increase in year on year revenues and healthy gross margins. This change has been driven by the continued commercialisation of the Vamousse® head lice treatment and shampoo formulations.

Vamousse® has received wide spread retail acceptance in the USA and UK as well as strong consumer endorsement of the efficacy of the product and growing sales. Vamousse® is now the fastest growing national brand head lice product in the US. The Vamousse brand is also well established and growing market share quickly in the UK and the Company plans to launch into other important European markets over the next couple of years.

Whilst total revenues for the year are expected to be marginally lower than expected, the net loss for the year is expected to be in line with expectations. The Directors believe that the discrepancy in revenue expectations has arisen primarily as a result of the difficulties in budgeting the timing of revenues arising from the on boarding process of multiple new retailers.

In November 2015, TyraTech successfully completed a Placing raising £3.2m giving the Company sufficient cash resources to continue to invest in its business plan. In order to further monetise its technology platform and continue its revenue growth, the business will continue to support its Vamousse® brand; as well as the recently announced move into the Animal Health market with its PureScience™ products. These will be distributed by MWI Animal Health (NASDAQ:ABC) the leading animal health distribution company in the United States.

The preliminary results for the year ended 31 December 2015 will be announced on 7 April 2016.

*-ends*-

 

For further information please visit: www.tyratech.com or contact:

TyraTech Inc.

 

Bruno Jactel, Chief Executive Officer

Erica Boisvert, Chief Financial Officer

 

Tel: +1 919 415 4340

Tel: +1 919 415 4287

 

SPARK Advisory Partners Limited (Nominated Adviser)

Matt Davis / Mark Brady

 

 

 Tel: +44 20 3368 3551

 

Allenby Capital Limited (Joint Broker)

Chris Crawford

 

 

Tel: +44 20 3328 5656

 

Whitman Howard Limited (Joint Broker)

Ranald McGregor-Smith/ Niall Devins

 

 

Tel: +44 20 7087 4555

 

Belvedere Communications (PR)

John West / Kim van Beeck

 

 

Tel: +44 20 3567 0510

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTPGUWCGUPQGQB
Date   Source Headline
14th Jan 20147:00 amRNSChange of Adviser
14th Jan 20147:00 amRNSVamousse coming to Walmart stores in the USA
18th Dec 20137:00 amRNSBlocklisting Interim Review
25th Oct 20132:39 pmRNSDirector/PDMR Shareholding
7th Oct 20138:39 amRNSDirector/PDMR Shareholding
30th Sep 20137:00 amRNSInterim Results
14th Aug 20137:00 amRNSGlobal distribution agreement for biocide products
25th Jul 20136:11 pmRNSResult of AGM
27th Jun 20137:00 amRNSFinal Results
24th Jun 20137:00 amRNSDirectorate Changes
19th Jun 20139:59 amRNSBlocklisting Interim Review
11th Jun 20134:23 pmRNSDirectorate Change
31st May 201312:43 pmRNSMigration of Shares
11th Apr 20137:00 amRNSFrench Registration of Insect Repellent Product
9th Apr 20137:00 amRNSHolding(s) in Company
28th Mar 20136:09 pmRNSResult of Special Meeting
28th Mar 20134:15 pmRNSShare Migration
19th Mar 20137:00 amRNSAppointment of Financial PR and IR advisor
18th Mar 20137:00 amRNSProposed placing and subscription of common shares
4th Mar 20137:00 amRNSUK registration of insect repellent product
4th Feb 20137:00 amRNSFirst Patent Granted for ExtendT Technology
30th Jan 20137:00 amRNSAMVAC and TyraTech Name New Joint Venture
10th Jan 20137:00 amRNSDirectorate Change
7th Jan 201310:40 amRNSNew Anti-Endoparasitic Composition Patents
20th Dec 20127:00 amRNSIssue of Equity
18th Dec 20122:56 pmRNSBlocklisting Interim Review
18th Dec 20127:00 amRNSGerman Registration of Insect Repellent Product
17th Dec 20127:00 amRNSFirst Shipment of Retail Products
11th Dec 20127:00 amRNSHead Lice Product Registration in UK
4th Dec 20127:00 amRNSFormation of New Joint Venture
13th Nov 20127:00 amRNSU.S. Registration of New Insect Repellent Product
7th Nov 20122:10 pmRNSProactive Investors One2One Investor Forum
30th Oct 20127:00 amRNSAdvance Payment on Prospective New Alliance
29th Oct 20127:00 amRNSChange of Name of Adviser
16th Oct 201211:40 amRNSTyraTech Secures New Patent
16th Oct 20129:26 amRNSMigration of Shares
1st Oct 20127:00 amRNSInterim Results
28th Sep 20121:15 pmRNSInterim Results
26th Sep 20127:00 amRNSProducts to Launch at The Home Depot
25th Sep 20127:00 amRNSTrademark Licensing Agreement with Terminix
10th Aug 20123:02 pmRNSMigration of Shares
25th Jul 20123:55 pmRNSResult of AGM
6th Jul 20124:36 pmRNSMigration of Shares
2nd Jul 20121:18 pmRNSDirector/PDMR Shareholding
2nd Jul 201211:39 amRNSDirector/PDMR Shareholding
28th Jun 20127:00 amRNSFinal Results
18th Jun 20127:00 amRNSBlocklisting Interim Review
22nd May 20127:00 amRNSTrading Update
14th May 20127:00 amRNSIssue of Equity
10th May 20127:00 amRNSMigration of Shares

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