Edison Investment Research - Pacific Edge Ltd (PEB) Update: Early signs of revenue traction

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Edison Investment Research

Update: Early signs of revenue traction

Pacific Edge has reported encouraging headline results for its fiscal H115 ending in September. Sales reached NZ$1.59m, of which NZ$714k was attributed to trading revenue, a 774% increase from the previous year. The net loss of NZ$4.9m in the six months to September was roughly in line with the previous six-month period, indicating continued lean management and cost control. Additionally, the company has announced the launch of complementary bladder test Cxbladder Triage in New Zealand. We value Pacific Edge at NZ$369m (previously NZ$338m).

16/12/2014 6 EN

Underlying

Pacific Edge Ltd

Pacific Edge is engaged in the biotechnology research, development and the commercialization of methods of early detection and treatment of cancers and other genetics diseases.

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NZPEBE0002S1 NZX New Zealand

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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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Update: Early signs of revenue traction

Pacific Edge Limited: 1 director

Increased risk weighs on PACIFIC EDGE, penalising its rating down to Negative

Pacific Edge - Termination of coverage

Regional REIT - Q124 DPS unchanged ahead of refinancing

4imprint Group - Solid start to the year

Dowlais Group - Margin expansion despite mixed auto markets

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