Select financial data:
The reporting revenue derived from HCT/Ps. The Company operates in two reportable segments. HCT/Ps and diagnostics and therapeutics. Predictive Biotech's HCT/Ps are processed in the company's FDA registered lab. This segment HCT/Ps manipulates tissue products and are prepared utilizing proprietary extraction methods that reduce the loss of important scaffolding, growth factor and general cytokines and are intended for homologous use. Predictive Technology's diagnostics and therapeutics uses data analytics for disease identification and subsequent therapeutic intervention through unique novel gene-based diagnostics, biotechnology treatments and companion therapeutics.
Revenue year-ending fiscal 18 ~ $16.2 million and net loss of $12 million.
Revenue for the 6 months ending 12/31/18 ( fiscal 19) revenues equaled $18.8 million and net loss $4.1 million. The total equity for the 6 months ending Dec 31, 2018 equaled $103 million and based upon 247 million shares outstanding. At the time of filing during Feb 2019 the outstanding shares equaled 271 million.
As of April 4, 2019 the total outstanding shares equaled 272 million. This number includes any shares used to acquire 70% of Juneau Bioscience which holds licensed technology supporting its ARTGuide** test for endometriosis and other genetic causes of infertility.
Note: Juneau had revenues not included within Dec 31, 2018 six month numbers. The stand alone revenue equaled $2.5 million for calendar year ending Dec 31, 2018 with losses of $2.4 million.
On or about March 26th 2019 PRED completes acquisition of Taueret Laboratories. The addition of CAP/CLIA lab and experienced diagnostics team form an unparalleled molecular clinical and research facility to accelerate new product development, commercialization and scale.
This $10 million dollar acquisition was paid with $1.2 million in restricted common stock and $8.5 million to be paid on or
before Dec 31, 2020.
In conjunction with the acquisition, PRED invested $4.2 million in new laboratory instrumentation and resources to bolster capabilities in the 15,000 square-foot laboratory and administrative campus, which now contains all necessary infrastructure for the Company's clinical operations.
Taueret Laboratories is a privately held molecular lab focusing on human infertility , women's health, and childhood diseases and performs genetic testing using state-of-art-instrumentation.
Note: On March 28, 2019 PRED announced the completed build out of a new production lab and R&D facility for its sub company, Predictive Biotech. The newly renovated 22,000 square foot facility, located in Research Park on the University of Utah's campus, features an ISO 7 cleanroom and 18 ISO 5 production hoods.
Overview:
Management comments concerning 6 month financial reporting ending Dec 31, 2018 ( fiscal 2019). Bradley C. Robinson, CEO of PRED announced the most recent quarter of nearly $11 million, up more than three-fold from the year-ago period, marking our ninth consecutive quarter of growth. He goes on to say that it puts PRED on a run rate exceeding $40 million for fiscal 2019. In addition the company generated $2 million in positive cash flow from operations for the past 6 months that supported the further development and commercialization of proprietary genetic-based diagnostics and therapeutics. At the end of the second Q the company had $2.6 million cash on hand and no-long term debt.
Please keep in mind since that announcement was made there have been many additions to the growth profile of PRED.
We anticipate additional updates and projections from management near term.
BOTTOM-LINE: FROM ALL INDICATIONS WE ARE WITNESSING A HIGH TECH BIOTECH COMPANY BEING FORMED. THE CLUES SHOULD BE VERY EASY TO SPOT. THE MANAGEMENT TEAM, DIRECTORS AND ADVISORY BOARD INDICATES SERIOUS COMMITMENT FROM HIGHLY SUCCESSFUL INDIVIDUALS THAT APPEAR TO HAVE FORMED A VERY TIGHT-KNIT ORGANIZATION THAT HAS A WELL THOUGHT OUT PLAN TO GROW RAPIDLY INTO A REVENUE DRIVEN BIOTECH AND SCIENCE ORIENTED COMPANY. THE CONNECTIONS THAT MANAGEMENT MUST HAVE LEADS US TO BELIEVE THAT ADDITIONAL ACQUISITION ARE FORTHCOMING! WE BELIEVE THAT FILING THEIR FORM 10 TO LIST UPON THE NASDAQ IS ALSO IN THE WORKS. ONCE THIS COMPANY LISTS IT IS OBVIOUS THAT REGIONAL AND MAYBE LARGER FIRMS WILL FOLLOW THE SUCCESS OF PRED!
ONE MUST ASSUME THAT AS THIS COMPANY GROWS ADDITIONAL FUNDING WILL BE NEEDED SO IT A NATURAL ROAD MAP THAT INVESTMENT BANKING FIRMS WILL STEP UP TO PLATE.
WE BELIEVE THAT PRED IS IN THE EARLY STAGES OF EXPLOSIVE GROWTH VIA ORGANIC AND BY ACQUISITION.
ALL THE PIECES OF THIS PUZZLE HAVE BEEN SET IN MOTION AND THE VISIONARY INVESTOR TYPE SHOULD BE ABLE TO GLEEN WITH A GREAT DEGREE OF CERTAINTY THAT PRED IS ON THE LAUCH PAD!
(
We have a strong feeling that this opportunity may very well surpass all expectations during the next 3-6 months. We rate PRED with a very STRONG BUY RECOMMENDATION with potential rapid share appreciation.
WE WISH TO THANK ALL INVESTORS THAT HAVE BEEN FOLLOWING OUR STOCK RECOMMENDATIONS FOR THE PAST 35 YEARS. S. A. ADVISORY HAS ALWAYS TRIED TO BE AS HONEST AND ETHICAL WITH RESPECT TO OUR HONEST OPINION AND RECOMMENDATIONS.