Oxford Nanopore Technologies (ONT)

Down
Share Price:
122.00p
Market Cap:
£1,189.94m
Change Today:
-4.10p
Sector:
Pharma and Biotech

Oxford Nanopore shares jump on margin guidance

By Benjamin Chiou

Date: Monday 13 Jan 2025

LONDON (ShareCast) - (Sharecast News) - Shares in Oxford Nanopore Technologies surged on Monday after the DNA and RNA analysis firm reported an acceleration in momentum towards the end of the year, pointing to higher-than-expected margins.
The commercial performance picked up in the second half as expected, with underlying revenue growth 34% ahead of last year on a constant currency basis, but gross margins for the year are expected to be slightly above the 57% forecast.

Shares were up 21% at 158.5p by 0848 GMT.

ONT, which has developed nanopore-based sensing technology that is used for the analysis of DNA and RNA, said annual revenues for 2024 were £183m, up 11% on the year before, with underlying revenue growth of 23% at constant currencies.

The company said in a pre-close trading update that results were driven by expansion into customer end-markets outside of research, such as applied industrial, biopharma and clinical markets.

Excluded from underlying results was a £16m combined headwind from COVID sequencing and the Emirati Genome Program, which was slightly less than previously expected.

ONT reiterated its medium-term guidance for constant-currency revenue growth of 30% CAGR between 2024 and 2027, and a gross margin of more than 62% by 2027. It still expected to reach adjusted EBITDA breakeven in 2027 and become cash flow positive in 2028.

"Looking beyond 2025, our highly differentiated platform and deep innovation pipeline coupled with strengthened commercial and operational capabilities combined with a strong balance sheet, position us well to deliver long-term, sustainable, above-market growth," said chief executive Gordon Sanghera.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

ONT Market Data

Currency UK Pounds
Price 122.00p
Change Today -4.10p
52 Week High 212.40p
52 Week Low 105.40p
Volume 872,706
Shares Issued 975.36m
Market Cap £1,189.94m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
Not Available
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Income
Not Available
Growth
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
P/E
Not Available
PEG
Not Available
Dividend Yield
Not Available
EPS Growth
Not Available
Operating Margin
Not Available