Analyst Research Report Snapshot

Title:

SQI DIAGNOSTICS - A STEP IN THE RIGHT DIRECTION

Price:

$10.00

Provider:

Edison Investment Research

Date:

28 Jan 2014

Pages:

3

Type:

AcrobatPDF

Companies referenced:

SQD.V

Available for Immediate Download
Summary:

SQI has raised C$1.4m (net) from the private placement of 2.965m shares at C$0.50, an important step as it seeks to commercialise its diagnostics businesses. With four large pharma/biotech collaborations ongoing, during 2014 we anticipate fresh revenues from these contracts and further new customer deals. We maintain our valuation at C$70m, although the per-share amount reduces to C$1.45 (vs C$1.55) to adjust for the new shares issued. We now estimate a ~C$3m funding requirement in 2014 (vs C$4m previously) as a bridge to potential profitability by end-2015.

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