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Tyratech Inc.

06/28/2012 | Press release

Preliminary Results

distributed by noodls on 06/28/2012 06:25

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Preliminary Results
28 June 2012

TyraTech Inc. (AIM: TYR), a natural life sciences company, today announces its results for the year ended 31 December 2011.

Download

The full results are available to download in PDF format.


Operational Highlights

  • Delivered four new products to Terminix, the largest professional pest control company in North America
  • Received registration approvals for our aerosol insecticides in Germany and France and are pending approval in the UK
  • Relocated corporate headquarters from Melbourne, FL to Morrisville, NC and brought technology platform in-house from Vanderbilt University
  • Initiated development of repellency technology to address a wide range of consumer needs in personal care and animal health
  • Initiated development of a natural solution for head lice

Financial Highlights

  • Total Revenue increased by 56% to US$7.2 million (2010: US$4.6 million).
  • Gross Profit Increased by 252% to U.S. $4.7 million (2010: U.S. $1.3 million)
  • Operating Expenses Reduced by 2% to U.S. $7.2 million (2010: U.S. $7.4 million)
  • Net loss before and after tax reduced to U.S. $2.7 million (2010: U.S. $6.1 million)

Post Period Highlights

  • Successfully raised US$3.8 million in capital through a share placement and subscription

For further information please contact:

TyraTech Inc.
Alan Reade, Executive Chairman
Peter Jerome, Chief Financial Officer
www.tyratech.com

+1 919 415 4310
+1 919 415 4280
N+1 Brewin, Nominated Adviser and Joint Broker
Aubrey Powell / Robert Beenstock / Alex Wright
+44 20 3201 3170

First Columbus LLP, Joint Broker
Chris Crawford

Tel: +44 20 3002 2070
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