Trinity Biotech Announces Q1 2024 Financial Results and Reiterates Guidance
DUBLIN, Ireland, May 23, 2024 (GLOBE NEWSWIRE) -- Trinity Biotech plc (Nasdaq: TRIB), a commercial stage biotechnology company focused on human diagnostics and diabetes management solutions, including wearable biosensors, today announced the Company’s results for the quarter ended March 31, 2024.
- Our clinical laboratory revenues were $11.7m in Q1, 2024, a decrease of $1.0m or 7.6% compared to $12.7m in Q1, 2023.
- Gross margin for Q1, 2024 was 37.6%, which was the same as the gross margin in Q1, 2023.
- Net financial expenses in Q1, 2024 were $0.2m compared to $2.4m in Q1, 2023, a decrease of $2.2m.
- The movement in the derivative financial asset led to financial income of $0.1m in Q1, 2024.