TyraTech, Inc. Pre Close Trading Update (4329F)
July 28 2016 - 1:00AM
UK Regulatory
TIDMTYR TIDMTYRU
RNS Number : 4329F
TyraTech, Inc.
28 July 2016
Strictly Embargoed for 07.00 on 28 July 2016
TyraTech, Inc.
("TyraTech" or the "Company")
Pre Close Trading Update
TyraTech, Inc. (AIM: TYR and TYRU), a life sciences technology
company focused on nature-derived insect and parasite control
products gives the following update on trading ahead of the
announcement of its half year results to 30 June 2016.
The Company's trading performance in the first half continues
the upward trend from prior periods, with unit sales of the
Vamousse(R) head lice product line continuing to progress and
operating expense efficiencies now being realised. These trends are
anticipated to continue throughout the second half. The Board
expects the net loss over the year to remain in line with current
market expectations.
Vamousse
Unit sales of Vamousse were in line with expectations, showing
strong growth over the corresponding period for 2015 across all
geographies and customers. Vamousse continues to establish itself
as a leading brand and is performing well in the market against
competitor products, gaining market share.
Revenues associated with these sales have been modestly impacted
by currency translation effects on UK sales and by revenue
recognition factors, due to sale or return associated with one new
US customer. These impacts are expected to continue through the
rest of the year.
PureScience(TM)
The PureScience portfolio of animal health products is showing
good results in field and customer trials, and three products were
launched for poultry and swine production at the end of the
half.
The roll-out of PureScience in the first half was slower than
anticipated mainly due to the time of completing the field trials
and it is now expected that the revenue impact will be in the
second half of the year.
The Company expects to announce its interim results in
mid-September 2016 and will give a further update at that time.
*-ends-*
For further information please visit: www.tyratech.com or
contact:
TyraTech Inc. Tel: +1 919
Bruno Jactel, Chief Executive 415 4340
Officer Tel: +1 919
Erica Boisvert, Chief Financial 415 4287
Officer
SPARK Advisory Partners Limited Tel: +44 20
(Nominated Adviser) 3368 3551
Matt Davis / Mark Brady
Allenby Capital Limited (Joint Tel: +44 20
Broker) 3328 5656
Chris Crawford
Whitman Howard Limited (Joint Tel: +44 20
Broker) 7659 1250
Ranald McGregor-Smith
Belvedere Communications (PR)
John West / Kim van Beeck Tel: +44 20
3567 0510
This information is provided by RNS
The company news service from the London Stock Exchange
END
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