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LBT Innovations Limited ( (AU:CC5) ) has shared an announcement.
Clever Culture Systems Ltd reported a successful strategic shift resulting in a maiden half-year profit of $1.1 million, driven by sales in the pharmaceutical manufacturing market. The company has seen increased sales momentum with significant orders from global pharmaceutical companies like AstraZeneca, positioning it to potentially achieve cashflow breakeven in the second half of FY25. The development of a new APAS® analysis module for 55mm contact plates is set to enhance their product offering and revenue potential, solidifying their position in the market.
More about LBT Innovations Limited
Clever Culture Systems Ltd is an Australian medical technology company specializing in microbiology automation using artificial intelligence. They offer intelligent automation solutions through their Automated Plate Assessment System (APAS® Independence), which is FDA-cleared for automated culture plate reading. Their products serve microbiology laboratories in the pharmaceutical manufacturing sector and clinical laboratories for infectious disease diagnostics.
YTD Price Performance: -15.00%
Average Trading Volume: 1,132,560
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$28.25M
For an in-depth examination of CC5 stock, go to TipRanks’ Stock Analysis page.