Biosyent Inc (OTCPK:BIOYF)

$ 7.35 0.16 (2.23%) Market Cap: 86.42 Mil Enterprise Value: 68.12 Mil PE Ratio: 16.90 PB Ratio: 3.45 GF Score: 98/100

Q2 2023 Biosyent Inc Earnings Call Transcript

Aug 22, 2023 / NTS GMT

Release Date Price: $5.54

Transcript

RenÃ;C. Goehrum

BioSyent Inc. - Chairman, CEO & President

© -

Hello and welcome to the BioSyent Inc. Q2 and First Half 2023 Results Presentation. My name is RenÃ© Goehrum and I'm the President and CEO of the company. I want to bring your attention to our disclaimer regarding forward-looking statements and we'll dive into the presentation looking first at our sales results in the quarter.

So this is for the period ending June 30, 2023, on a quarter basis and on a half basis. You can see our Canadian Pharmaceutical business performed well at 23% growth, reaching just over $7.7 million and on a 6-month basis for the first half, up 12%. The drivers of this performance could be characterized across the portfolio and we had a strong performance on FeraMAX at 25% up for the quarter, Tibella at 49%, Combogesic and RepaGyn showing a slightly less growth. And then looking at those brands on a 6-month basis, you can see FeraMAX up 13%, Tibella up 44%. Some decline in the Combogesic business that was notable from the first quarter. Obviously, we made up for some of that ground in the second

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