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Prenetics(PRE) - 2024 Q4 - Annual Report
2025-04-30 20:44
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F _________________________ (Mark One) Date of event requiring this shell company report For the transition period from to Commission file number: 001-41401 Prenetics Global Limited o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024. ...
IM8 Vibrante Miami: Fueling Wellness and Innovation with a Star-Studded Event
Newsfilter· 2025-04-09 13:00
Core Insights - IM8 hosted an event called IM8 Vibrante to promote its vision of making elite wellness accessible to all, featuring nearly 150 attendees including wellness influencers and medical advisors [1][2] - The event highlighted IM8's commitment to blending science and holistic health, showcasing its flagship product, Daily Ultimate Essentials, which is designed to replace 16 different supplements [7] Company Overview - IM8 is co-founded by David Beckham and focuses on premium core nutrition, combining advanced science with natural ingredients to promote health [7] - The flagship product, Daily Ultimate Essentials, is NSF Certified for Sport, non-GMO, vegan, and free from common allergens, artificial flavors, colors, and sweeteners [7] Event Highlights - David Beckham shared his personal wellness journey and the positive impact of IM8 on his energy and focus [3] - A panel discussion featured experts discussing longevity and healthspan, emphasizing the importance of quality of life alongside lifespan [3] - Dr. Jim Green presented ongoing research on advanced aging in space, in collaboration with Oxford University and SpaceX [3] Community Engagement - The event underscored the strength of the IM8 ambassador and creator community, which plays a vital role in promoting wellness and engaging audiences [5] - Influencers from platforms like TikTok and Meta showcased their commitment to wellness, aligning with IM8's mission [5] Leadership Perspective - Danny Yeung, CEO of IM8, expressed pride in the progress made and the inspiring energy of the community at the event [6]
Prenetics’ IM8 Health Expands Scientific Advisory Board, Reinforcing Commitment to Set New Standards in Supplements Market
GlobeNewswire· 2025-03-18 12:30
Adds Renowned Clinical Experts Dr. Jeremy London and Dr. Amy Shah to Existing Team from Mayo Clinic, Cedars-Sinai, NASA and Yale University CHARLOTTE, N.C., March 18, 2025 (GLOBE NEWSWIRE) -- IM8, the premium supplements brand co-founded by David Beckham, today announced the addition of two distinguished new members, Dr. Jeremy London and Dr. Amy Shah, to its world-class Scientific Advisory Board (SAB). These additions underscore IM8’s unwavering commitment to leading innovation in science, longevity and hu ...
Prenetics' IM8 Health Expands Scientific Advisory Board, Reinforcing Commitment to Set New Standards in Supplements Market
Newsfilter· 2025-03-18 12:30
Adds Renowned Clinical Experts Dr. Jeremy London and Dr. Amy Shah to Existing Team from Mayo Clinic, Cedars-Sinai, NASA and Yale University CHARLOTTE, N.C., March 18, 2025 (GLOBE NEWSWIRE) --  IM8, the premium supplements brand co-founded by David Beckham, today announced the addition of two distinguished new members, Dr. Jeremy London and Dr. Amy Shah, to its world-class Scientific Advisory Board (SAB). These additions underscore IM8's unwavering commitment to leading innovation in science, longevity and h ...
Prenetics to Participate in the 37th Annual ROTH Conference
GlobeNewswire· 2025-03-11 12:30
Core Insights - Prenetics Global Limited will participate in the 37th Annual ROTH Conference from March 16 to March 18, 2025 [1] - The CEO Danny Yeung and President of Americas David Vanderveen will host one-on-one meetings with investors and participate in a panel discussion on Longevity and Supplementation [2] Company Overview - Prenetics is a leading health sciences company focused on advancing consumer and clinical health, with initiatives including the IM8 health and wellness brand and Insighta, a $200 million venture for multi-cancer early detection technologies [4] - The company's commitment is to enhance life through science, leveraging its various units to create a global impact on health [4]
Prenetics Announces Fourth Quarter and Full Year 2024 Financial Results, Provides 2025 Guidance
GlobeNewswire· 2025-03-05 13:30
Core Insights - Prenetics Global Limited reported a significant revenue growth of 93.5% to $10.5 million in Q4 2024 and a year-over-year increase of 40.9% to $30.6 million for the full year 2024 [1][9][13] - The company has cash and short-term assets totaling $84.8 million as of December 31, 2024, positioning it well for future growth opportunities [1][6] - For 2025, Prenetics projects full-year revenue between $73 million and $85 million, driven by the successful launch of its IM8 Health brand [2][12] Financial Performance - In Q4 2024, Prenetics achieved a gross profit of $4.6 million, up 73.1% from $2.7 million in Q4 2023, with a gross margin of 44.0% [9][13] - The full-year gross profit for 2024 was $16.1 million, an increase of 82.6% from $8.8 million in 2023, with a gross margin improvement to 52.6% from 40.6% [9][13] - Adjusted EBITDA loss for Q4 2024 was $(6.8) million, slightly worse than $(6.1) million in Q4 2023, while the full-year adjusted EBITDA loss improved to $(22.2) million from $(24.8) million in 2023 [9][13] Business Strategy and Growth - The company is focusing on its consumer health brands, including IM8, Europa, and CircleDNA, which are expected to drive significant growth [6][11] - IM8 Health has quickly gained traction in the market, establishing a strong community and positioning itself in the holistic health sector [4][6] - Strategic acquisitions, such as Europa, are expected to contribute to revenue growth, with Europa projected to break even by the second half of 2025 [5][6] Future Outlook - Prenetics anticipates a robust revenue increase of 350-450% year-over-year for 2025, aiming for profitability by the end of Q4 2025 [6][12] - The company expects Q1 2025 revenue to be between $11.5 million and $13 million, with specific contributions from IM8, Europa, and CircleDNA [8][12]
NYSE CONTENT ADVISORY: PRE-MARKET UPDATE + TARGET & BEST BUY HIGHLIGHT RETAIL EARNINGS
Prnewswire· 2025-03-04 13:55
Group 1 - The New York Stock Exchange (NYSE) provides a daily pre-market update to offer market insights before trading begins [1][3] - Target (NYSE: TGT) reported Q4 earnings that exceeded expectations, driven by an increase in comparable sales [3] - Best Buy (NYSE: BBY) also surpassed Q4 estimates, experiencing a sales uptick and announcing a dividend boost [3] - Stock futures are showing a slight increase, recovering from previous declines [3]
NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 26TH
Prnewswire· 2025-02-26 13:55
Group 1 - The New York Stock Exchange (NYSE) provides a daily pre-market update to offer market insights before trading begins [1] - The Dow Jones Industrial Average continued to gain, supported by earnings from Home Depot (NYSE: HD) [1] - Nvidia is scheduled to report its earnings after the market closes on the same day [1] Group 2 - Markets closed mixed on the previous day as investors are weighing economic concerns and upcoming data [1]
NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 24TH
Prnewswire· 2025-02-24 13:55
Group 1 - Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) are scheduled to report earnings this week [1] - Nvidia is set to report earnings on Wednesday [1] - Investors are anticipating a new week of key economic and inflation data [1]
NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 20TH + WALMART REPORTS EARNINGS
Prnewswire· 2025-02-20 13:55
Group 1 - The New York Stock Exchange (NYSE) provides a daily pre-market update to offer market insights before trading begins [1][3] - Walmart shares are nearing all-time highs following the release of its earnings report [3] - The S&P 500 index has risen to a record level, despite the Federal Reserve's cautious stance on interest rates [3] Group 2 - President Trump has proposed the idea of implementing tariffs on automobiles, chips, and pharmaceuticals [3]