Telix Pharmaceuticals Ltd. (TLX) witnessed an impressive 8.39% surge in its stock price during the pre-market trading session on Friday. This upward movement can be attributed to the company's stellar financial performance for the fiscal year 2024, as highlighted in its recent earnings call.
The pharmaceutical company reported a remarkable 56% increase in revenue, surpassing its guidance. Additionally, Telix Pharmaceuticals demonstrated a substantial 70% improvement in adjusted EBITDA, reaching $99 million. The company's operating cash inflow also saw an 80% improvement, reflecting its strong operational efficiency.
One of the most notable achievements was the staggering 860% increase in profit after tax, showcasing the company's ability to convert revenue into substantial profitability. Telix Pharmaceuticals ended the fiscal year with a robust cash position of $710 million, bolstered by a strategic convertible bond placement, providing ample liquidity for future growth initiatives.
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