Trajan Group Holdings Ltd (AU:TRJ) has released an update.
Trajan Group Holdings Limited, an analytical science and device firm, expects to report a $26.7 million non-cash impairment charge related to microsampling technology, specifically Neoteryx goodwill and intangibles, despite a spike in order demand and consistent financial performance. The impairment, which has no impact on debt arrangements following a technical breach of a financial covenant, will appear in the full-year financial results on August 29, 2024. The company reaffirms that its financial outlook is on track with previous guidance.
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