Hardman & Co Research: Tissue Regenix (TRX) - Six consecutive periods of >20% growth
TRX is focused on the development and commercialisation of two proprietary processing technologies for the repair of soft tissue (dCELL®) and bone (BioRinse®). It has a broad portfolio of products used in biosurgery, orthopaedics and dental markets. Investment in tissue processing, manufacturing capacity and strong commercial partners, together with its “4S” strategy, has generated six consecutive reporting periods of strong growth, with TRX turning EBITDA-positive in 2023. Further growth in 2024 will deliver a fully profitable, cash-generative, group. Cash will be re-invested to expand capacity even further through Phase 2, starting in 2025.
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