Atomo Diagnostics Ltd (ASX:AT1)
A$ 0.019 -0.001 (-5%) Market Cap: 12.14 Mil Enterprise Value: 8.60 Mil PE Ratio: 0 PB Ratio: 1.19 GF Score: 0/100

Q2 2024 Atomo Diagnostics Ltd Activities Report Call Transcript

Jan 30, 2024 / 12:00AM GMT
Release Date Price: A$0.023 (-4.17%)
John Kelly
Atomo Diagnostics Ltd - Chief Executive Officer, Founder, Managing Director, Director

Hello, everyone, and welcome to the quarter 2 report from Atomo's FY '24 period. I'm John Kelly, the Managing Director of Atomo, and welcome this morning.

Before I jump into the quarterly, I just wanted to, I think, step back 12 months to the Q2 period for FY '23. At that stage, we had just come out of the COVID pandemic and Atomo, like a number of -- or most diagnostics companies, had seen a fairly abrupt end to COVID revenues. And there was a lot of uncertainty in the market around the future growth opportunities for diagnostics companies more broadly. And I think that uncertainty was reflected as well as the loss of COVID revenue was reflected in a lot of pressure on diagnostic companies share prices.

Atomo at that time said to shareholders that we were looking to refocus on our core business, which was essentially blood-based testing and that we knew 2 things. One, that our blood tests were best-in-class, and there would be a return to demand for them as our existing customers and

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