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Sergey Savastiouk's Avatar
published in Blogs
Mar 16, 2021
TickeronGET DAILY SIGNALS

Enzo Biochem (ENZ, $3.75) posts +62% year-over-year revenue growth

Enzo Biochem  posted a strong increase in revenue for its fiscal 2021 second quarter, ended Jan. 31, amid strong demand  for the life sciences’ company’s testing equipment amid COVID-19 pandemic.

Revenue climbed +62% year-over-year to $31.5 million in the quarter. The company’s earnings came in at 5 cents a share, compared to a year-ago loss of - 16 cents a share.

“Our open system approach allows for the highest levels of flexibility and adaptability in the post COVID-19 environment,” Barry Weiner, Enzo’s president, said. "Our GENFLEX platform enables laboratories to use third-party or their own reagents on this open platform with ease and flexibility."

The company announced that founder Elazar Rabbani is stepping down as CEO. However, Rabbani would a director.

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Related Portfolios: BIOTECHNOLOGY SECTOR
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a developer of molecular technology products

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Biotechnology
Address
527 Madison Avenue
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+1 212 583-0100
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190
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