Report

Oxford Immunotec - FY18 results focus on TB

FY18 was a transformational year for Oxford Immunotec (OXFD) with the sale of its US diagnostic services business to Quest and announcement in January of the $100m share buyback programme. FY18 revenues modestly beat analysts’ consensus estimates, while the Quest transaction enabled a maiden FY profit. OXFD’s FY19 revenue guidance range of $69m to $72m is above analysts’ previous estimates. Sustained operational profitability is likely to depend on the company’s ability to grow its TB franchise.
Underlying
Oxford Immunotec Global

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Andy Smith

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