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FY2018 Annual Report: Microbix Biosystems reports Loss of CAD8.6m ($US6.7m) Corporate Wire Date: 31 December 2018 22:34 EST

Jan 01, 2019 - News Bites Canadian Markets
Financial Results

CANADIAN RESULTS

Microbix Biosystems (TSX:MBX) reported a loss for the year-ended 30 September 2018 of CAD8.6m ($US6.7m).

Major changes compared with previous year:

Favourable Changes:

- Total current assets to Total Assets up from 23.3% to 31.4%

- Current ratio up 53.7% from 0.9 to 1.5

- Sales and marketing expenses to Revenues down from 4.6% to 4.4%

- Interest expenses to Revenues down from 9.1% to 6.8%

- Administration expenses to Revenues down ...