-+ 0.00%
-+ 0.00%
-+ 0.00%

Prenetics Q1 operating loss widens 48.5% to $8.9 million; revenue rises to $36 million

PUBT·05/14/2026 12:05:17
Listen to the news
Prenetics Q1 operating loss widens 48.5% to $8.9 million; revenue rises to $36 million
  • Prenetics posted preliminary Q1 revenue of USD 36 million, up 334.5% year over year, driven by IM8 revenue of USD 33.8 million, nearly 6x higher.
  • Operating loss widened to USD 8.9 million; gross profit climbed to USD 23.3 million, lifting gross margin to 64.8% from 67.8% a year earlier.
  • IM8 gross margin improved to about 64% from about 60% in Q4, with scale efficiencies, supplier renegotiations, higher-margin mix, packaging optimization, and improved fulfillment and freight.
  • Q2 revenue forecast at USD 46 million-USD 48 million, including IM8 at USD 44 million-USD 46 million; full-year 2026 IM8 revenue guidance raised to USD 190 million-USD 210 million.
  • Cash and cash equivalents totaled USD 56 million with no debt at March 31; digital assets were sold after quarter-end for USD 41.3 million, and about USD 19 million of a USD 40 million share buyback had been executed by May 13.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prenetics Global Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-034810), on May 14, 2026, and is solely responsible for the information contained therein.