Global demand for the Longhorn Primestore MTM sample collection device has increased significantly due to the Covid-19 pandemic and this has led to an additional $3m+ order expected in May, in addition to the initial $1m order which has already been fulfilled. The majority of these orders are for the core reagent within the device, implying it is a high margin revenue line for EKF. We upgrade our FY20 EBITDA estimates by £0.75m, but see further upside potential this year as and when add

27 Apr 2020
Strong demand for Longhorn Primestore device drives upgrades

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Strong demand for Longhorn Primestore device drives upgrades
EKF Diagnostics Holdings plc (EKF:LON) | 29.9 -0.3 (-3.3%) | Mkt Cap: 134.3m
- Published:
27 Apr 2020 -
Author:
Chris Glasper -
Pages:
4 -
Global demand for the Longhorn Primestore MTM sample collection device has increased significantly due to the Covid-19 pandemic and this has led to an additional $3m+ order expected in May, in addition to the initial $1m order which has already been fulfilled. The majority of these orders are for the core reagent within the device, implying it is a high margin revenue line for EKF. We upgrade our FY20 EBITDA estimates by £0.75m, but see further upside potential this year as and when add