Published on: April 5, 2016

Strong FY15 results

Instem has delivered a strong set of FY15 results. Revenues grew by 22% YoY, accompanied by a 43% improvement in EBITDA and a strong improvement in cash generation. The Provantis and ALPHADAS suites remain the key growth drivers, with the submit product also reporting solid commercial progress. We make no material changes to estimates, but believe the growth outlook to be increasingly bright.

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