ACN Newswire
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Prenetics Announces Record Third Quarter 2022 Financial Results and Raises Full Year 2022 Revenue and EBITDA Guidance

indie
9 minutes

LONDON AND HONG KONG, Nov 10, 2022 - (ACN Newswire via SEAPRWire.com) - Prenetics Global Limited (NASDAQ: PRE) ("Prenetics" or the "Company"), a global leader in genomic and diagnostic testing, today announced its unaudited financial results for the third quarter ended September 30, 2022.Third Quarter 2022 and Recent Highlights:-- Reported third quarter 2022 revenue of US$80 million -- Reported loss from operations of US$9 million, adjusted earnings1 of US$21 million and adjusted EBITDA2 of US$27 million in the third quarter-- Achieved gross margin of 59% in the third quarter-- Appointed Professor Robert Harris, founder and former CEO of Lakeside Healthcare Group, one of UK's largest GP practices, as Executive Chairman of Prenetics EMEA-- Ended the third quarter with cash and other short-term assets3 of approximately US$250 million-- Obtained HSBC banking facilities of US$50 million for general corporate purposes and liquidity for potential acquisitions, demonstrating confidence from financial institutions Danny Yeung, Chief Executive Officer and Co-founder of Prenetics, said "I'm very proud of our strong results, demonstrating our continued growth, and reflecting the success we've...

ACN Newswire
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Prenetics Announces Second Quarter 2022 Financial Results and Raises Full Year Adjusted EBITDA Outlook

indie
10 minutes

LONDON AND HONG KONG, Sep 9, 2022 - (ACN Newswire via SEAPRWire.com) - Prenetics Global Limited (NASDAQ: PRE) ("Prenetics" or the "Company"), a global leader in genomic and diagnostic testing, today announced its unaudited financial results for the second quarter ended June 30, 2022. -- Revenue of US$51.7 million in the second quarter of 2022-- Loss from operations of US$(17.9) million and adjusted EBITDA(1) of US$6.5 million in the same period-- Raises full year adjusted EBITDA guidance to the range of US$35 million to US$45 million, with corresponding full year revenue guidance in the range of US$255 million to US$275 million -- Strong cash and cash equivalents, short-term financial assets, trade receivables, deposits, prepayments and other receivables of US$215.3 million on balance sheet as of June 30, 2022-- Successfully launched two pipeline products, ColoClear and Circle SnapShot in the period, growing Prenetics beyond COVID-19 testing services-- Prenetics and Animoca Brands, the pioneer in Web3 signed an agreement to form a joint venture to create a decentralized digital health data platform on the Metaverse. Additional details to be announced in the fourth quarter of 2022Da...

SeaPRwire
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No changes to Covid-19 local measures for now, too early to tell if tightening needed: Lawrence Wong

aseanpr
4 minutes

SINGAPORE - There will not be any changes to Covid-19 community restrictions for now, even as Singapore steps up its border measures amid reports of the new Omicron variant, Finance Minister Lawrence Wong said on Tuesday (Nov 30). It is still too early to tell at this stage whether local measures will need to be tightened, given that not enough is known about the new virus variant, he said. Mr Wong, who co-chairs the multi-ministry task force tackling Covid-19, was addressing a question from The Straits Times on the possibility of tightened community measures due to the Omicron variant during a press conference. For now, Singapore is taking additional steps to strengthen its border measures, he said. Among these measures are on-arrival polymerase chain reaction (PCR) tests for all travellers and PCR rostered routine testing for airport and other border frontline workers. But Mr Wong stressed that Singapore needs to have the mindset of being adaptable and nimble to changes. “In this rapidly changing environment, we will have to constantly review and update our measures accordingly based on new information,” the minister said. Pointing out that the Omicron variant will not be the las...

JCN Newswire
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Fujitsu and Trend Micro Collaborate for Connected Car Security Solution

ruth
4 minutes

TOKYO, Oct 13, 2021 - (JCN Newswire via SEAPRWire.com) - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, and Fujitsu Limited agreed to collaborate with automotive-related manufacturers to strengthen connected car security measures.With this collaboration, Fujitsu will provide a security countermeasure solution for connected cars, the V-SOC (Vehicle-Security Operation Center) service, and Trend Micro Cloud One will protect the backend cloud infrastructure. These solutions will work in tandem to detect vehicle abnormalities such as gas pedal and brake malfunctions, and add detection capabilities for unauthorized communications and attempts to tamper with telematics servers, as well as security data on the cloud infrastructure. All these elements are detected and analyzed in an integrated manner.The two companies aim to provide new security services to be verified globally, including in Japan, Europe, the United States, and the APAC region starting in January 2022. The new services will make it possible to visualize the overall picture of potential cyberattacks by detecting threats originating from cloud infrastructure, representing an easy target for t...

SeaPRwire
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Marina Bay Sands casino reopens after two-week closure due to Covid-19 cluster

aseanpr
3 minutes

SINGAPORE - The Marina Bay Sands (MBS) casino reopened on Thursday (Aug 5), following a two-week closure after a Covid-19 infection cluster was traced to it on July 21. MBS said its casino has implemented various precautionary measures with the reopening, which include an enhanced rostered routine testing regime for staff members who interact with guests. Employees will undergo swab tests ranging from every three days to every 28 days, depending on their vaccination status and job risk profile, it added. "The reopening comes at a time when vaccination rates among our staff have reached nearly 90 per cent," said MBS in a statement on its website. The casino was closed from July 22 for cleaning after 11 cases were linked to it, and investigations found there was likely ongoing transmission at the premises. As at Thursday night, the casino cluster has grown to 60 coronavirus cases, with one new case added on Thursday, according to the Health Ministry's daily update. Other measures the casino has put in place ahead of its reopening include limiting the number of patrons in private salons and at each gaming table, while electronic gaming machines and slots have been spaced at least 1m a...

SeaPRwire

Schools should not be a fortress but a second home: Chan Chun Sing on balancing security needs

aseanpr
4 minutes

SINGAPORE - Security needs at schools will be balanced without losing the sense of safety, trust and homeliness of the school environment, said Education Minister Chan Chun Sing on Tuesday (July 27). He noted that in enhancing security at schools, the Ministry of Education (MOE) does not want to compromise the quality of school experience for students and staff. The key to staying safe lies not in more intrusive security measures, but in prevention and enhanced community vigilance, Mr Chan said in a ministerial statement in Parliament addressing concerns following the River Valley High School incident. "We do not want to turn our schools into fortresses, which will create unease and stress among our staff and students. "We also do not wish to paradoxically engender a siege mentality among students and staff, causing them to take extreme measures to protect themselves, at the expense of a shared sense of security," added the minister. On July 19, a 16-year-old student allegedly killed a 13-year-old male schoolmate with an axe in a school toilet. Preliminary investigations showed the two students had not known each other before the incident and that the axe was purchased online. The ...

SeaPRwire
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Major cinema chains ready to return to phase two (heightened alert) curbs

aseanpr
4 minutes

SINGAPORE - Three major cinema chains have told The Straits Times that they are ready to return to the phase two (heightened alert) measures from Thursday (July 22), with some stating their disappointment at the re-introduction of restrictions. Mr Mark Shaw, director of Shaw Organisation, said all Shaw Theatres outlets are ready to meet the guidelines. Shaw Theatres operates in nine locations around Singapore. "While we are disappointed with the return to phase two (heightened alert), we understand the reasons for the reintroduction of these measures and will continue to work closely with the authorities," said Mr Shaw. "Despite the reintroduction of these restrictions, we believe that the upcoming blockbusters releases will continue to draw people to cinemas for their unique big screen and sound experience, the way filmmakers intended audiences to enjoy their movies," he added. Cinemas had only just restarted food and drink sales, following phase two (heightened alert) restrictions from May 16 to June 21 that blocked such sales. As food and drinks make up about half of a typical cinema's revenue, a ban cuts deeply into the bottom line. Because of this, two smaller operators, the t...

SeaPRwire

117 people fined for breaching Covid-19 curbs since start of phase 3; Orchard Hotel ordered to suspend bookings

aseanpr
3 minutes

SINGAPORE - As many as 17 people were found together at one beach and 13 at another. They were among the 117 people fined for breaching safe management measures such as limits on group sizes, at parks and beaches, since the start of phase three (heightened alert) on June 14. The Ministry of Sustainability and the Environment (MSE) said on Friday (June 25) that the breaches also included not wearing masks when not doing strenuous exercises. The limit for social gatherings went up from two to five on June 14, following a fall in the number of Covid-19 cases in the community. But in one incident, a group of 17 people were caught at Changi Beach Park, and another group of 13 people were caught at East Coast Park. MSE said about 1,800 advisories had been issued for breaches. Orchard Hotel Singapore has also been issued a fine and a suspension order after Singapore Tourism Board enforcement officers found 11 people gathered in a room there for a birthday celebration on Feb 6, MSE said. At that time, no more than eight people were allowed to be together for social gatherings. The hotel was given a composition fine of $1,000, and was ordered to suspend room bookings for 30 days, till July ...

SeaPRwire

Police investigating 4 people for abusing enforcement officers, flouting safe distancing measures

aseanpr
3 minutes

SINGAPORE - Four people are being investigated for abusing enforcement officers and safe distancing ambassadors (SDAs), and not complying with safe distancing measures. The three men and a woman, aged between 25 and 54, allegedly committed the offences in three separate incidents, said a police statement on Friday (June 11). One of them, Ng Chwee Hock, was charged on Friday for using insulting words against a public servant at Redhill Food Centre on Thursday (June 10). The 46-year-old's case will be heard again on July 9. "Preliminary investigations revealed that (Ng) allegedly used abusive language towards the SDEO, when he was advised not to sit at the table in the food centre to consume his food and drinks," police said. SDEO refers to a safe distancing enforcement officer. Ng purportedly refused to comply even when police officers advised him to do so, and continued to verbally abuse the SDEO. Police told The Straits Times that he is currently under investigation for other unrelated offences. In another incident on May 26, police received a report from an SDA that a man taunted her while she was on duty in Crawford Lane. He allegedly approached the SDA, pulled down his mask and...

SeaPRwire

25 S’pore massage establishments and 23 people caught flouting Covid-19 mask-on rules

aseanpr
2 minutes

SINGAPORE - The police will take action against 25 massage establishments for not ensuring that staff and customers wear masks at all times. And 23 individuals will also be taken to task for not wearing a mask during their massage. This comes as checks at such establishments are stepped up to ensure that safe management measures are followed, the police said in a statement on Wednesday (May 26). Checks have been carried out at around 850 such establishments in the past two weeks. "Over the past few weeks, several clusters of infection have emerged alongside many unlinked community cases," it said. "These developments have demonstrated the need for continued vigilance in the practice of safe management measures by permitted enterprises like massage establishments, which are allowed to operate during the current Covid-19 pandemic." Depending on the severity of breaches found, massage establishments may be fined between $1,000 and $2,000, while individuals may be fined up to $1,000. Massage establishment operators may also be liable for prosecution under the Covid-19 (Temporary Measures) Act, and first-time offenders can be fined up to $10,000, jailed for up to six months, or both. Su...