Pacific Edge（PEB）株式概要がん診断薬会社であるパシフィック・エッジ社は、膀胱がん患者の診断および予後検査薬の開発と商業化に従事している。 詳細PEB ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長2/6過去の実績0/6財務の健全性6/6配当金0/6報酬収益は年間41.31%増加すると予測されています リスク分析過去1年間で株主の希薄化は大幅に進んだ Australian市場と比較した過去 3 か月間の株価の変動現在は利益が出ておらず、今後3年間で利益が出る見込みはない すべてのリスクチェックを見るPEB Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW482,882 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG482,882 investors already sharing narrativesYour Fair ValueAU$Current PriceAU$0.2450.0% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-41m73m2016201920222025202620282031Revenue NZ$73.3mEarnings NZ$13.3mAdvancedSet Fair ValueView all narrativesPacific Edge Limited 競合他社Aroa BiosurgerySymbol: ASX:ARXMarket cap: AU$207.5mClinuvel PharmaceuticalsSymbol: ASX:CUVMarket cap: AU$503.3mActinogen MedicalSymbol: ASX:ACWMarket cap: AU$157.3mAlterity TherapeuticsSymbol: ASX:ATHMarket cap: AU$125.1m価格と性能株価の高値、安値、推移の概要Pacific Edge過去の株価現在の株価NZ$0.2452週高値NZ$0.2752週安値NZ$0.085ベータ0.841ヶ月の変化-4.00%3ヶ月変化50.00%1年変化158.06%3年間の変化33.33%5年間の変化n/aIPOからの変化-84.42%最新ニュースお知らせ • Jul 02Pacific Edge Limited, Annual General Meeting, Aug 20, 2026Pacific Edge Limited, Annual General Meeting, Aug 20, 2026. Location: auckland New ZealandReported Earnings • May 26Full year 2026 earnings released: NZ$38.00 loss per share (vs NZ$0.037 loss in FY 2025)Full year 2026 results: NZ$38.00 loss per share (further deteriorated from NZ$0.037 loss in FY 2025). Revenue: NZ$13.6m (down 40% from FY 2025). Net loss: NZ$35.8m (loss widened 20% from FY 2025). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Biotechs industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 179 percentage points per year, which is a significant difference in performance.New Risk • May 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (NZ$18m net loss in 2 years).お知らせ • May 15Pacific Edge Limited has completed a Follow-on Equity Offering in the amount of NZD 25.4 million.Pacific Edge Limited has completed a Follow-on Equity Offering in the amount of NZD 25.4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 149,411,765 Price\Range: NZD 0.17 Transaction Features: Subsequent Direct Listingお知らせ • May 12Pacific Edge Limited to Report Fiscal Year 2026 Results on May 25, 2026Pacific Edge Limited announced that they will report fiscal year 2026 results at 10:00 AM, IDLE - International Date Line on May 25, 2026Breakeven Date Change • May 12Forecast to breakeven in 2028The 2 analysts covering Pacific Edge expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 8.0% per year to 2027. The company is expected to make a profit of NZ$6.80m in 2028. Average annual earnings growth of 55% is required to achieve expected profit on schedule.最新情報をもっと見るRecent updatesお知らせ • Jul 02Pacific Edge Limited, Annual General Meeting, Aug 20, 2026Pacific Edge Limited, Annual General Meeting, Aug 20, 2026. Location: auckland New ZealandReported Earnings • May 26Full year 2026 earnings released: NZ$38.00 loss per share (vs NZ$0.037 loss in FY 2025)Full year 2026 results: NZ$38.00 loss per share (further deteriorated from NZ$0.037 loss in FY 2025). Revenue: NZ$13.6m (down 40% from FY 2025). Net loss: NZ$35.8m (loss widened 20% from FY 2025). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Biotechs industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 179 percentage points per year, which is a significant difference in performance.New Risk • May 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (NZ$18m net loss in 2 years).お知らせ • May 15Pacific Edge Limited has completed a Follow-on Equity Offering in the amount of NZD 25.4 million.Pacific Edge Limited has completed a Follow-on Equity Offering in the amount of NZD 25.4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 149,411,765 Price\Range: NZD 0.17 Transaction Features: Subsequent Direct Listingお知らせ • May 12Pacific Edge Limited to Report Fiscal Year 2026 Results on May 25, 2026Pacific Edge Limited announced that they will report fiscal year 2026 results at 10:00 AM, IDLE - International Date Line on May 25, 2026Breakeven Date Change • May 12Forecast to breakeven in 2028The 2 analysts covering Pacific Edge expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 8.0% per year to 2027. The company is expected to make a profit of NZ$6.80m in 2028. Average annual earnings growth of 55% is required to achieve expected profit on schedule.New Risk • Mar 31New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$145.8m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-NZ$32m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$16m net loss in 2 years). Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$145.8m market cap, or US$99.9m).New Risk • Feb 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-NZ$32m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$16m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding).Reported Earnings • Nov 27First half 2026 earnings released: NZ$0.022 loss per share (vs NZ$0.018 loss in 1H 2025)First half 2026 results: NZ$0.022 loss per share (further deteriorated from NZ$0.018 loss in 1H 2025). Revenue: NZ$6.84m (down 40% from 1H 2025). Net loss: NZ$19.1m (loss widened 32% from 1H 2025). Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Biotechs industry in Australia are expected to grow by 7.6%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.New Risk • Nov 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NZ$32m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-NZ$32m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$16m net loss in 2 years). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$147.4m market cap, or US$95.3m).New Risk • Nov 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$150.9m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (NZ$4.9m net loss in 3 years). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$150.9m market cap, or US$98.6m).お知らせ • Nov 06Pacific Edge Limited to Report First Half, 2026 Results on Nov 25, 2025Pacific Edge Limited announced that they will report first half, 2026 results on Nov 25, 2025New Risk • Aug 25New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (20% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (NZ$11m net loss in 3 years). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$122.8m market cap, or US$79.7m).お知らせ • Jun 16Pacific Edge Limited, Annual General Meeting, Aug 06, 2025Pacific Edge Limited, Annual General Meeting, Aug 06, 2025. Location: auckland New Zealandお知らせ • Jun 03Pacific Edge Limited has completed a Follow-on Equity Offering in the amount of NZD 16 million.Pacific Edge Limited has completed a Follow-on Equity Offering in the amount of NZD 16 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 150,000,000 Price\Range: NZD 0.1 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 10,000,000 Price\Range: NZD 0.1 Transaction Features: Subsequent Direct ListingReported Earnings • Jun 01Full year 2025 earnings released: NZ$0.037 loss per share (vs NZ$0.036 loss in FY 2024)Full year 2025 results: NZ$0.037 loss per share (further deteriorated from NZ$0.036 loss in FY 2024). Revenue: NZ$24.7m (down 2.2% from FY 2024). Net loss: NZ$29.9m (loss widened 1.4% from FY 2024). Revenue is expected to decline by 25% p.a. on average during the next 2 years, while revenues in the Biotechs industry in Australia are expected to grow by 8.6%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings.お知らせ • May 31Pacific Edge Limited has filed a Follow-on Equity Offering in the amount of NZD 5 million.Pacific Edge Limited has filed a Follow-on Equity Offering in the amount of NZD 5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 50,000,000 Price\Range: NZD 0.1お知らせ • May 30Pacific Edge Limited has filed a Follow-on Equity Offering.Pacific Edge Limited has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Transaction Features: Subsequent Direct Listingお知らせ • May 12Pacific Edge Limited to Report Fiscal Year 2025 Results on May 30, 2025Pacific Edge Limited announced that they will report fiscal year 2025 results at 4:45 PM, IDLE - International Date Line on May 30, 2025New Risk • Jan 13New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: NZ$29m Forecast net loss in 2 years: NZ$23m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (27% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$23m net loss in 2 years). Market cap is less than US$100m (AU$44.0m market cap, or US$27.0m).Reported Earnings • Nov 30First half 2025 earnings released: NZ$0.018 loss per share (vs NZ$0.019 loss in 1H 2024)First half 2025 results: NZ$0.018 loss per share (improved from NZ$0.019 loss in 1H 2024). Revenue: NZ$11.3m (down 19% from 1H 2024). Net loss: NZ$14.5m (loss narrowed 4.9% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings.お知らせ • Nov 06Pacific Edge Limited to Report First Half, 2025 Results on Nov 26, 2024Pacific Edge Limited announced that they will report first half, 2025 results on Nov 26, 2024Reported Earnings • May 21Full year 2024 earnings released: NZ$0.036 loss per share (vs NZ$0.033 loss in FY 2023)Full year 2024 results: NZ$0.036 loss per share (further deteriorated from NZ$0.033 loss in FY 2023). Revenue: NZ$28.7m (up 36% from FY 2023). Net loss: NZ$29.5m (loss widened 9.5% from FY 2023).Breakeven Date Change • May 21No longer forecast to breakevenThe 2 analysts covering Pacific Edge no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of NZ$28.8m in 2027. New consensus forecast suggests the company will make a loss of NZ$15.4m in 2027.お知らせ • May 07Pacific Edge Limited, Annual General Meeting, Sep 24, 2024Pacific Edge Limited, Annual General Meeting, Sep 24, 2024.お知らせ • May 01Pacific Edge Limited to Report Fiscal Year 2024 Results on May 21, 2024Pacific Edge Limited announced that they will report fiscal year 2024 results at 10:00 AM, NZST - New Zealand Standard on May 21, 2024Board Change • Apr 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Anna Stove was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Mar 14Pacific Edge Limited Announces Board ChangesPacific Edge Limited announced the retirement of Chair Chris Gallaher and Non-Executive Director Mark Green. Mr. Gallaher, who joined the Pacific Edge Board in July 2016, has resolved to reduce his governance commitments, and has indicated his intention to retire from the Board following the appointment of a successor and a structured handover at the end of this year. Meanwhile, with his family having made new commitments offshore, Mr. Green has notified the Board he does not intend to seek re-election at the company's next Annual Shareholders Meeting in September. Mr. Green joined the Pacific Edge Board in May 2021. The Board's Nomination Committee has commenced a process to appoint a new Chair and consider the recruitment of new Independent Directors.Reported Earnings • Nov 24First half 2024 earnings released: NZ$0.019 loss per share (vs NZ$0.013 loss in 1H 2023)First half 2024 results: NZ$0.019 loss per share (further deteriorated from NZ$0.013 loss in 1H 2023). Revenue: NZ$14.0m (up 47% from 1H 2023). Net loss: NZ$15.3m (loss widened 44% from 1H 2023). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Biotechs industry in Australia.お知らせ • Oct 19Pacific Edge Limited to Report First Half, 2024 Results on Nov 23, 2023Pacific Edge Limited announced that they will report first half, 2024 results on Nov 23, 2023Recent Insider Transactions • Sep 21Independent Non-Executive Director recently bought AU$2.8m worth of stockOn the 15th of September, Anatole G. Masfen bought around 9m shares on-market at roughly AU$0.31 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$2.9m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Aug 04Key Executive recently bought AU$50k worth of stockOn the 2nd of August, Chris Gallaher bought around 398k shares on-market at roughly AU$0.13 per share. This transaction amounted to 66% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Chris' only on-market trade for the last 12 months.お知らせ • Jun 09Pacific Edge Limited Announces Medicare Coverage of Cxbladder Tests in the US Market is Expected to Cease from 17 July 2023Pacific Edge announces Medicare coverage of Cxbladder tests in the US market is expected to cease from 17 July 2023. This development follows the finalization of a Local Coverage Determination (LCD) (L39365) by Novitas, the Medicare Administrative Contractor (MAC) with jurisdiction for Pacific Edge's laboratory in Hershey Pennsylvania. The finalized LCD, which includes Cxbladder and tests provided by other companies, specifically notes the Cxbladder tests Triage, Detect, Monitor, Resolve and Detect+ as `not considered medically reasonable and necessary', the threshold required for coverage under the US Social Security Act. A number of other companies are also affected by the LCD. Over the coming days Pacific Edge will seek to explore all available legal options (including a potential appeal) with US-based lawyers, the key opinion leaders among customers, partners at The Coalition for 21st Century Medicine, and other impacted companies. Pacific Edge is currently unable to fully determine the impact of the new LCD on test volumes in the US market for the 2024 financial year. For the immediate future, the company will continue to promote Cxbladder and process all tests ordered by US clinicians whilst it further considers its strategy and future options. The company believes that in the short term it is prudent to continue to support Cxbladder as it determines the best path forward, but the approach will be accompanied by cost containment initiatives including, but not limited to an immediate hiring freeze and a halt on discretionary spending and new capital expenditure. In light of this new LCD, management and the Board at Pacific Edge are reviewing the scenario planning commenced last year to determine a strategic path forward that potentially includes: a) legal challenges or appeals, b) seeking to regain coverage through Novitas, c) seeking to be awarded coverage through an alternative MAC, d) alternative billing practices that would increase patient responsibility and e) remaining open to other strategic alternatives. Which of these the company adopts, will be determined by considering a number of factors including the potential impact on revenue, expenditure and cash reserves, the time and resources required to regain coverage, shareholder value implications, and the expected likelihood of success.New Risk • Jun 08New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$80.1m (US$53.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (NZ$3.9m net loss in 3 years). Market cap is less than US$100m (AU$80.1m market cap, or US$53.4m).Reported Earnings • May 26Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: NZ$0.033 loss per share (further deteriorated from NZ$0.026 loss in FY 2022). Revenue: NZ$23.8m (up 81% from FY 2022). Net loss: NZ$27.0m (loss widened 36% from FY 2022). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Biotechs industry in Australia.Reported Earnings • Nov 28First half 2023 earnings released: NZ$0.013 loss per share (vs NZ$0.012 loss in 1H 2022)First half 2023 results: NZ$0.013 loss per share (further deteriorated from NZ$0.012 loss in 1H 2022). Revenue: NZ$9.47m (up 55% from 1H 2022). Net loss: NZ$10.6m (loss widened 18% from 1H 2022). Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Biotechs industry in Australia.Reported Earnings • May 27Full year 2022 earnings released: NZ$0.026 loss per share (vs NZ$0.02 loss in FY 2021)Full year 2022 results: NZ$0.026 loss per share (down from NZ$0.02 loss in FY 2021). Revenue: NZ$13.7m (up 53% from FY 2021). Net loss: NZ$19.8m (loss widened 39% from FY 2021). Over the next year, revenue is forecast to grow 60%, compared to a 71% growth forecast for the pharmaceuticals industry in Australia.Buying Opportunity • May 27Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be AU$0.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 93% over the last year. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 46% per annum. Earnings is forecast to decline by 3.7% per annum over the same time period.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. Independent Director Sarah Park was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Jan 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. Independent Director Sarah Park was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Nov 26First half 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst half 2022 results: NZ$0.012 loss per share (down from NZ$0.01 loss in 1H 2021). Revenue: NZ$6.13m (up 71% from 1H 2021). Net loss: NZ$8.99m (loss widened 27% from 1H 2021). Revenue exceeded analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 85%, compared to a 176% growth forecast for the industry in Australia.Breakeven Date Change • Nov 24No longer forecast to breakevenThe 2 analysts covering Pacific Edge no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of NZ$3.62m in 2023. New consensus forecast suggests the company will make a loss of NZ$1.85m in 2024.Breakeven Date Change • Sep 28Forecast to breakeven in 2023The 2 analysts covering Pacific Edge expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of NZ$4.58m in 2023. Average annual earnings growth of 94% is required to achieve expected profit on schedule.株主還元PEBAU BiotechsAU 市場7D4.3%-0.8%0.7%1Y158.1%-46.5%2.3%株主還元を見る業界別リターン: PEB過去 1 年間で-46.5 % の収益を上げたAustralian Biotechs業界を上回りました。リターン対市場: PEB過去 1 年間で2.3 % の収益を上げたAustralian市場を上回りました。価格変動Is PEB's price volatile compared to industry and market?PEB volatilityPEB Average Weekly Movement16.4%Biotechs Industry Average Movement10.1%Market Average Movement9.5%10% most volatile stocks in AU Market16.7%10% least volatile stocks in AU Market3.8%安定した株価: PEBの株価は、 Australian市場と比較して過去 3 か月間で変動しています。時間の経過による変動: PEBの weekly volatility ( 16% ) は過去 1 年間安定していますが、依然としてAustralianの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2001n/aPeter Meintjeswww.pacificedgedx.comがん診断企業であるPacific Edge Limitedは、患者向けの膀胱がん診断・予後予測検査の開発および事業化に取り組んでいます。同社は、「コマーシャル」と「リサーチ」の2つの事業セグメントで運営されています。 同社は、膀胱がんの病期分類および経過観察のためのゲノム尿バイオマーカー検査「Cxbladder」を提供している。また、微量血尿患者の臨床検査負担を軽減する一次診断製品「Cxbladder Triage」、泌尿器科医療における診療ワークフローと効率を向上させる「Cxbladder Detect」、 患者の反復的な膀胱鏡検査の負担を軽減できる非侵襲的サーベイランス代替手段である「Cxbladder Triage Plus」；および再発性非筋層浸潤性膀胱がん患者の反復的な膀胱鏡検査の負担を軽減する非侵襲的サーベイランス代替手段である「Cxbladder Monitor」を開発しています。 さらに、同社は膀胱がん、胃がん、大腸がん、子宮内膜がん、および悪性黒色腫向けの製品も開発しています。Pacific Edge Limitedは2001年に設立され、ニュージーランドのダニーデンに本社を置いています。もっと見るPacific Edge Limited 基礎のまとめPacific Edge の収益と売上を時価総額と比較するとどうか。PEB 基礎統計学時価総額AU$289.66m収益（TTM）-AU$29.80m売上高(TTM)AU$10.84m26.7xP/Sレシオ-9.7xPER（株価収益率PEB は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計PEB 損益計算書（TTM）収益NZ$13.01m売上原価NZ$11.61m売上総利益NZ$1.41mその他の費用NZ$37.18m収益-NZ$35.78m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-0.029グロス・マージン10.81%純利益率-274.96%有利子負債／自己資本比率0%PEB の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/15 05:24終値2026/07/15 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Pacific Edge Limited 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。6 アナリスト機関null nullBrookline Capital MarketsMaxim JacobsEdison Investment ResearchBenjamin CrozierForsyth Barr Group Ltd.3 その他のアナリストを表示
お知らせ • Jul 02Pacific Edge Limited, Annual General Meeting, Aug 20, 2026Pacific Edge Limited, Annual General Meeting, Aug 20, 2026. Location: auckland New Zealand
Reported Earnings • May 26Full year 2026 earnings released: NZ$38.00 loss per share (vs NZ$0.037 loss in FY 2025)Full year 2026 results: NZ$38.00 loss per share (further deteriorated from NZ$0.037 loss in FY 2025). Revenue: NZ$13.6m (down 40% from FY 2025). Net loss: NZ$35.8m (loss widened 20% from FY 2025). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Biotechs industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 179 percentage points per year, which is a significant difference in performance.
New Risk • May 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (NZ$18m net loss in 2 years).
お知らせ • May 15Pacific Edge Limited has completed a Follow-on Equity Offering in the amount of NZD 25.4 million.Pacific Edge Limited has completed a Follow-on Equity Offering in the amount of NZD 25.4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 149,411,765 Price\Range: NZD 0.17 Transaction Features: Subsequent Direct Listing
お知らせ • May 12Pacific Edge Limited to Report Fiscal Year 2026 Results on May 25, 2026Pacific Edge Limited announced that they will report fiscal year 2026 results at 10:00 AM, IDLE - International Date Line on May 25, 2026
Breakeven Date Change • May 12Forecast to breakeven in 2028The 2 analysts covering Pacific Edge expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 8.0% per year to 2027. The company is expected to make a profit of NZ$6.80m in 2028. Average annual earnings growth of 55% is required to achieve expected profit on schedule.
お知らせ • Jul 02Pacific Edge Limited, Annual General Meeting, Aug 20, 2026Pacific Edge Limited, Annual General Meeting, Aug 20, 2026. Location: auckland New Zealand
Reported Earnings • May 26Full year 2026 earnings released: NZ$38.00 loss per share (vs NZ$0.037 loss in FY 2025)Full year 2026 results: NZ$38.00 loss per share (further deteriorated from NZ$0.037 loss in FY 2025). Revenue: NZ$13.6m (down 40% from FY 2025). Net loss: NZ$35.8m (loss widened 20% from FY 2025). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Biotechs industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 179 percentage points per year, which is a significant difference in performance.
New Risk • May 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (NZ$18m net loss in 2 years).
お知らせ • May 15Pacific Edge Limited has completed a Follow-on Equity Offering in the amount of NZD 25.4 million.Pacific Edge Limited has completed a Follow-on Equity Offering in the amount of NZD 25.4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 149,411,765 Price\Range: NZD 0.17 Transaction Features: Subsequent Direct Listing
お知らせ • May 12Pacific Edge Limited to Report Fiscal Year 2026 Results on May 25, 2026Pacific Edge Limited announced that they will report fiscal year 2026 results at 10:00 AM, IDLE - International Date Line on May 25, 2026
Breakeven Date Change • May 12Forecast to breakeven in 2028The 2 analysts covering Pacific Edge expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 8.0% per year to 2027. The company is expected to make a profit of NZ$6.80m in 2028. Average annual earnings growth of 55% is required to achieve expected profit on schedule.
New Risk • Mar 31New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$145.8m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-NZ$32m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$16m net loss in 2 years). Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$145.8m market cap, or US$99.9m).
New Risk • Feb 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-NZ$32m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$16m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding).
Reported Earnings • Nov 27First half 2026 earnings released: NZ$0.022 loss per share (vs NZ$0.018 loss in 1H 2025)First half 2026 results: NZ$0.022 loss per share (further deteriorated from NZ$0.018 loss in 1H 2025). Revenue: NZ$6.84m (down 40% from 1H 2025). Net loss: NZ$19.1m (loss widened 32% from 1H 2025). Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Biotechs industry in Australia are expected to grow by 7.6%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
New Risk • Nov 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NZ$32m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-NZ$32m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$16m net loss in 2 years). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$147.4m market cap, or US$95.3m).
New Risk • Nov 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$150.9m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (NZ$4.9m net loss in 3 years). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$150.9m market cap, or US$98.6m).
お知らせ • Nov 06Pacific Edge Limited to Report First Half, 2026 Results on Nov 25, 2025Pacific Edge Limited announced that they will report first half, 2026 results on Nov 25, 2025
New Risk • Aug 25New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (20% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (NZ$11m net loss in 3 years). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$122.8m market cap, or US$79.7m).
お知らせ • Jun 16Pacific Edge Limited, Annual General Meeting, Aug 06, 2025Pacific Edge Limited, Annual General Meeting, Aug 06, 2025. Location: auckland New Zealand
お知らせ • Jun 03Pacific Edge Limited has completed a Follow-on Equity Offering in the amount of NZD 16 million.Pacific Edge Limited has completed a Follow-on Equity Offering in the amount of NZD 16 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 150,000,000 Price\Range: NZD 0.1 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 10,000,000 Price\Range: NZD 0.1 Transaction Features: Subsequent Direct Listing
Reported Earnings • Jun 01Full year 2025 earnings released: NZ$0.037 loss per share (vs NZ$0.036 loss in FY 2024)Full year 2025 results: NZ$0.037 loss per share (further deteriorated from NZ$0.036 loss in FY 2024). Revenue: NZ$24.7m (down 2.2% from FY 2024). Net loss: NZ$29.9m (loss widened 1.4% from FY 2024). Revenue is expected to decline by 25% p.a. on average during the next 2 years, while revenues in the Biotechs industry in Australia are expected to grow by 8.6%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings.
お知らせ • May 31Pacific Edge Limited has filed a Follow-on Equity Offering in the amount of NZD 5 million.Pacific Edge Limited has filed a Follow-on Equity Offering in the amount of NZD 5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 50,000,000 Price\Range: NZD 0.1
お知らせ • May 30Pacific Edge Limited has filed a Follow-on Equity Offering.Pacific Edge Limited has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Transaction Features: Subsequent Direct Listing
お知らせ • May 12Pacific Edge Limited to Report Fiscal Year 2025 Results on May 30, 2025Pacific Edge Limited announced that they will report fiscal year 2025 results at 4:45 PM, IDLE - International Date Line on May 30, 2025
New Risk • Jan 13New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: NZ$29m Forecast net loss in 2 years: NZ$23m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (27% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$23m net loss in 2 years). Market cap is less than US$100m (AU$44.0m market cap, or US$27.0m).
Reported Earnings • Nov 30First half 2025 earnings released: NZ$0.018 loss per share (vs NZ$0.019 loss in 1H 2024)First half 2025 results: NZ$0.018 loss per share (improved from NZ$0.019 loss in 1H 2024). Revenue: NZ$11.3m (down 19% from 1H 2024). Net loss: NZ$14.5m (loss narrowed 4.9% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings.
お知らせ • Nov 06Pacific Edge Limited to Report First Half, 2025 Results on Nov 26, 2024Pacific Edge Limited announced that they will report first half, 2025 results on Nov 26, 2024
Reported Earnings • May 21Full year 2024 earnings released: NZ$0.036 loss per share (vs NZ$0.033 loss in FY 2023)Full year 2024 results: NZ$0.036 loss per share (further deteriorated from NZ$0.033 loss in FY 2023). Revenue: NZ$28.7m (up 36% from FY 2023). Net loss: NZ$29.5m (loss widened 9.5% from FY 2023).
Breakeven Date Change • May 21No longer forecast to breakevenThe 2 analysts covering Pacific Edge no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of NZ$28.8m in 2027. New consensus forecast suggests the company will make a loss of NZ$15.4m in 2027.
お知らせ • May 07Pacific Edge Limited, Annual General Meeting, Sep 24, 2024Pacific Edge Limited, Annual General Meeting, Sep 24, 2024.
お知らせ • May 01Pacific Edge Limited to Report Fiscal Year 2024 Results on May 21, 2024Pacific Edge Limited announced that they will report fiscal year 2024 results at 10:00 AM, NZST - New Zealand Standard on May 21, 2024
Board Change • Apr 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Anna Stove was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Mar 14Pacific Edge Limited Announces Board ChangesPacific Edge Limited announced the retirement of Chair Chris Gallaher and Non-Executive Director Mark Green. Mr. Gallaher, who joined the Pacific Edge Board in July 2016, has resolved to reduce his governance commitments, and has indicated his intention to retire from the Board following the appointment of a successor and a structured handover at the end of this year. Meanwhile, with his family having made new commitments offshore, Mr. Green has notified the Board he does not intend to seek re-election at the company's next Annual Shareholders Meeting in September. Mr. Green joined the Pacific Edge Board in May 2021. The Board's Nomination Committee has commenced a process to appoint a new Chair and consider the recruitment of new Independent Directors.
Reported Earnings • Nov 24First half 2024 earnings released: NZ$0.019 loss per share (vs NZ$0.013 loss in 1H 2023)First half 2024 results: NZ$0.019 loss per share (further deteriorated from NZ$0.013 loss in 1H 2023). Revenue: NZ$14.0m (up 47% from 1H 2023). Net loss: NZ$15.3m (loss widened 44% from 1H 2023). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Biotechs industry in Australia.
お知らせ • Oct 19Pacific Edge Limited to Report First Half, 2024 Results on Nov 23, 2023Pacific Edge Limited announced that they will report first half, 2024 results on Nov 23, 2023
Recent Insider Transactions • Sep 21Independent Non-Executive Director recently bought AU$2.8m worth of stockOn the 15th of September, Anatole G. Masfen bought around 9m shares on-market at roughly AU$0.31 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$2.9m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Aug 04Key Executive recently bought AU$50k worth of stockOn the 2nd of August, Chris Gallaher bought around 398k shares on-market at roughly AU$0.13 per share. This transaction amounted to 66% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Chris' only on-market trade for the last 12 months.
お知らせ • Jun 09Pacific Edge Limited Announces Medicare Coverage of Cxbladder Tests in the US Market is Expected to Cease from 17 July 2023Pacific Edge announces Medicare coverage of Cxbladder tests in the US market is expected to cease from 17 July 2023. This development follows the finalization of a Local Coverage Determination (LCD) (L39365) by Novitas, the Medicare Administrative Contractor (MAC) with jurisdiction for Pacific Edge's laboratory in Hershey Pennsylvania. The finalized LCD, which includes Cxbladder and tests provided by other companies, specifically notes the Cxbladder tests Triage, Detect, Monitor, Resolve and Detect+ as `not considered medically reasonable and necessary', the threshold required for coverage under the US Social Security Act. A number of other companies are also affected by the LCD. Over the coming days Pacific Edge will seek to explore all available legal options (including a potential appeal) with US-based lawyers, the key opinion leaders among customers, partners at The Coalition for 21st Century Medicine, and other impacted companies. Pacific Edge is currently unable to fully determine the impact of the new LCD on test volumes in the US market for the 2024 financial year. For the immediate future, the company will continue to promote Cxbladder and process all tests ordered by US clinicians whilst it further considers its strategy and future options. The company believes that in the short term it is prudent to continue to support Cxbladder as it determines the best path forward, but the approach will be accompanied by cost containment initiatives including, but not limited to an immediate hiring freeze and a halt on discretionary spending and new capital expenditure. In light of this new LCD, management and the Board at Pacific Edge are reviewing the scenario planning commenced last year to determine a strategic path forward that potentially includes: a) legal challenges or appeals, b) seeking to regain coverage through Novitas, c) seeking to be awarded coverage through an alternative MAC, d) alternative billing practices that would increase patient responsibility and e) remaining open to other strategic alternatives. Which of these the company adopts, will be determined by considering a number of factors including the potential impact on revenue, expenditure and cash reserves, the time and resources required to regain coverage, shareholder value implications, and the expected likelihood of success.
New Risk • Jun 08New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$80.1m (US$53.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (NZ$3.9m net loss in 3 years). Market cap is less than US$100m (AU$80.1m market cap, or US$53.4m).
Reported Earnings • May 26Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: NZ$0.033 loss per share (further deteriorated from NZ$0.026 loss in FY 2022). Revenue: NZ$23.8m (up 81% from FY 2022). Net loss: NZ$27.0m (loss widened 36% from FY 2022). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Biotechs industry in Australia.
Reported Earnings • Nov 28First half 2023 earnings released: NZ$0.013 loss per share (vs NZ$0.012 loss in 1H 2022)First half 2023 results: NZ$0.013 loss per share (further deteriorated from NZ$0.012 loss in 1H 2022). Revenue: NZ$9.47m (up 55% from 1H 2022). Net loss: NZ$10.6m (loss widened 18% from 1H 2022). Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Biotechs industry in Australia.
Reported Earnings • May 27Full year 2022 earnings released: NZ$0.026 loss per share (vs NZ$0.02 loss in FY 2021)Full year 2022 results: NZ$0.026 loss per share (down from NZ$0.02 loss in FY 2021). Revenue: NZ$13.7m (up 53% from FY 2021). Net loss: NZ$19.8m (loss widened 39% from FY 2021). Over the next year, revenue is forecast to grow 60%, compared to a 71% growth forecast for the pharmaceuticals industry in Australia.
Buying Opportunity • May 27Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be AU$0.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 93% over the last year. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 46% per annum. Earnings is forecast to decline by 3.7% per annum over the same time period.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. Independent Director Sarah Park was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Jan 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. Independent Director Sarah Park was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Nov 26First half 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst half 2022 results: NZ$0.012 loss per share (down from NZ$0.01 loss in 1H 2021). Revenue: NZ$6.13m (up 71% from 1H 2021). Net loss: NZ$8.99m (loss widened 27% from 1H 2021). Revenue exceeded analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 85%, compared to a 176% growth forecast for the industry in Australia.
Breakeven Date Change • Nov 24No longer forecast to breakevenThe 2 analysts covering Pacific Edge no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of NZ$3.62m in 2023. New consensus forecast suggests the company will make a loss of NZ$1.85m in 2024.
Breakeven Date Change • Sep 28Forecast to breakeven in 2023The 2 analysts covering Pacific Edge expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of NZ$4.58m in 2023. Average annual earnings growth of 94% is required to achieve expected profit on schedule.
