Prenetics Global Limited Q2 FY2026 Earnings Call
· Earnings call transcript and AI-powered summary
Prenetics (IM8) Q2 2026 Earnings Summary
Financial Highlights (Q2 2026)
- Total Revenue: $46.5 million (+29% QoQ; 3.9x YoY). Met guidance of $46-48 million.
- IM8 Revenue: $45 million (+33% QoQ). Met guidance of $44-46 million. Gross margin: 65% (+3 pts YoY).
- Gross Profit: $30.2 million (65% margin).
- Contribution Profit: $21.4 million (46% of sales; +16 pts YoY).
- Adjusted EBITDA: -$19 million (driven by doubled marketing spend vs. Q1).
- Net Loss: $9 million ($0.52/share; -45% YoY from $0.94/share loss).
- Key Metrics: 118,000 new customers acquired in Q2 (+98% QoQ); CAC flat to slightly down (-1%).
July 2026 Preliminary Results (Strongest Month)
- Revenue: $20.9-21.4 million (4.3x YoY; ~$251 million annualized run rate).
- New Customers: 47,373 (record cohort) at CAC of $239 (-21% vs. Q2 average).
- Gross Margin: 64%; Contribution margin: 49%.
- Adjusted EBITDA: -$2.4 million (-11% margin).
- Adjusted Free Cash Flow: Turned positive for the first time (includes General Catalyst facility).
Guidance & Outlook
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