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Prenetics Announces Third Quarter 2025 Financial Results Release Date and Inaugural Earnings Conference Call
Globenewswire· 2025-11-04 21:05
Core Insights - Prenetics Global Limited will release its financial results for Q3 2025 on November 10, 2025, before market open, and will hold its first earnings conference call at 8:30 a.m. Eastern Time on the same day [1][2] Company Overview - Prenetics is a leading health sciences company focused on health and longevity, with its flagship consumer brand IM8 co-founded with David Beckham, which has achieved $100 million in annual recurring revenue within 11 months of launch, marking the fastest growth in the supplements industry [3] - The company has established a Bitcoin Treasury, purchasing 1 Bitcoin per day, totaling 382 BTC as of November 4, 2025, positioning itself at the intersection of health innovation and digital assets [4]
Prenetics’ IM8 Achieves Record $9 Million in Revenue for October, Surpasses $108 Million in Annualized Recurring Revenue 11 Months After Launch
Globenewswire· 2025-11-04 13:00
Core Insights - Prenetics Global Limited's IM8 brand achieved approximately $108 million in annualized recurring revenue (ARR) just 11 months post-launch, marking a significant milestone in its growth trajectory [1][4][9] - The company reported a record monthly revenue of $9 million in October, reflecting a 32% increase from September's $6.8 million, driven by strong subscriber growth and improved retention metrics [4][5] - Prenetics recently completed a $44 million equity offering, which is expected to facilitate accelerated global expansion and enhanced marketing initiatives [3][4] Financial Performance - IM8's monthly revenue reached $9 million in October, representing a 32% month-over-month growth from September [5] - The brand has delivered 13 million servings to over 420,000 customers across 31 countries since its launch [5] - IM8 projects a minimum of $10 million in monthly revenue by December 2025, with total revenues expected to be approximately $60 million for FY 2025 and between $180 million and $200 million for FY 2026 [12] Strategic Initiatives - The recent equity raise positions IM8 for aggressive scaling, including exploring partnerships with elite athletes and global wellness thought leaders [4][5] - The launch of the Daily Ultimate Longevity product has contributed to an increase in average order value from approximately $110 to $145, indicating strong consumer demand [5] - Prenetics aims to continue scaling IM8 through 2026 with initiatives focused on global distribution, product innovations, and retention efforts [8] Market Position - IM8 is recognized as the fastest-growing supplement brand globally, achieving $100 million in ARR within just 11 months of launch, surpassing previous records in the supplements industry [9] - The company is also pioneering in the intersection of health innovation and digital assets, having established a Bitcoin Treasury by purchasing 1 Bitcoin per day, totaling 380 BTC as of November 4, 2025 [10]
Prenetics Bolsters Bitcoin Treasury with Strategic Acquisition of 100 Bitcoin, IM8 Reaches $100M ARR
Globenewswire· 2025-10-31 12:31
Core Insights - Prenetics Global Limited has acquired 100 Bitcoin at an average price of $109,594 per Bitcoin, increasing its total Bitcoin holdings to 378 BTC valued at approximately $46 million [1][10] - The acquisition is part of a strategic capital deployment following a successful $44 million equity offering, which was oversubscribed and attracted high-quality strategic investors [2][3] - The company maintains a strong balance sheet with $127 million in total liquidity, consisting of $86 million in cash and $41 million in Bitcoin holdings, while having zero debt [4] Financial Performance - Prenetics' IM8 supplement brand has achieved $100 million in annual recurring revenue within just 11 months of launch, marking the fastest growth in the global supplements industry [5][9] - The company has provided FY2026 revenue guidance for IM8, expecting revenues between $180 million and $200 million [6] Strategic Vision - The CEO's manifesto outlines a vision for a "health-and-wealth" platform, combining growth in the wellness market with strategic Bitcoin accumulation, aiming to create unprecedented shareholder value [7] - Prenetics is recognized as the first consumer health company to establish a Bitcoin Treasury, reinforcing its position at the intersection of health innovation and digital assets [10]
Prenetics CEO Danny Yeung Publishes "The Dual-Engine Revolution" Manifesto: A Blueprint for the Future of Health + Wealth
Globenewswire· 2025-10-29 20:05
Core Insights - Prenetics Global Limited has published a comprehensive manifesto detailing its strategic vision, combining healthcare growth with Bitcoin treasury management [2][3] - The company's flagship brand, IM8, achieved $100 million in annual recurring revenue within 11 months of launch, marking the fastest growth in the supplement industry [3][6] - Prenetics projects revenue of $180 to $200 million for FY 2026 [3][6] Healthcare Engine (IM8) - IM8 is co-founded by David Beckham and supported by tennis champion Aryna Sabalenka, contributing to its rapid growth [3][6] - The brand's success generates substantial cash flows that facilitate sophisticated Bitcoin treasury management [5] Bitcoin Treasury Engine - As of October 29, 2025, Prenetics holds 277 BTC and employs a disciplined strategy of acquiring 1 BTC daily [4][7] - This Bitcoin treasury is described as a "fortress of value," providing financial resilience and appreciation potential [4] Synergy Between Healthcare and Bitcoin - The integration of IM8's growth with Bitcoin treasury management creates a virtuous cycle, enhancing both healthcare expansion and financial appreciation [5]
Prenetics Announces Closing of Approx. $44.0 Million Equity Offering to Fuel IM8's Global Expansion and Bitcoin Treasury Strategy
Globenewswire· 2025-10-28 18:20
Core Viewpoint - Prenetics Global Limited has successfully closed a public offering, raising approximately $44 million to support its global expansion and Bitcoin accumulation strategy [3]. Group 1: Offering Details - The offering included 2,722,642 Class A ordinary shares and associated warrants, with a combined offering price of $16.08 per share [1]. - Class A Common Warrants have an exercise price of $24.12 per share, while Class B Common Warrants are priced at $32.16 per share, representing premiums of 50% and 100% respectively [2]. - The gross proceeds from the offering were approximately $44 million, down from a previously announced $48 million [3]. Group 2: Use of Proceeds - The proceeds will be utilized for the global expansion of IM8, Prenetics' flagship consumer brand, and for the strategic accumulation of Bitcoin as part of its health and wealth strategy [3][7]. - Prenetics has established a Bitcoin Treasury, purchasing 1 Bitcoin per day, totaling 275 BTC as of October 27, 2025 [8]. Group 3: Company Background - Prenetics is a leading health sciences company co-founded with David Beckham, known for its rapid growth in the supplement industry, achieving $100 million in annual recurring revenue within 11 months of launch [7]. - The company is recognized for pioneering at the intersection of health innovation and digital assets [8].
Prenetics Announces Closing of Approx. $44.0 Million Equity Offering to Fuel IM8’s Global Expansion and Bitcoin Treasury Strategy
Globenewswire· 2025-10-28 18:20
Core Viewpoint - Prenetics Global Limited has successfully closed a public offering, raising approximately $44 million to support its global expansion and Bitcoin accumulation strategy [3]. Group 1: Offering Details - The offering included 2,722,642 Class A ordinary shares and associated warrants at a combined price of $16.08 per share [1]. - Class A Common Warrants have an exercise price of $24.12 per share, while Class B Common Warrants are priced at $32.16 per share, representing a 50% and 100% premium to the offering price respectively [2]. - The gross proceeds from the offering were approximately $44 million, which is lower than the previously announced $48 million [3]. Group 2: Use of Proceeds - The proceeds from the offering will be utilized for the global expansion of IM8, Prenetics' flagship consumer brand, and for the strategic accumulation of Bitcoin as part of its health and wealth strategy [3][7]. - Prenetics has established a Bitcoin Treasury, purchasing 1 Bitcoin per day, totaling 275 BTC as of October 27, 2025 [8]. Group 3: Company Background - Prenetics is recognized as a leading health sciences company, co-founded with David Beckham, and has achieved $100 million in annual recurring revenue within 11 months of launching its IM8 brand, marking the fastest growth in the supplements industry [7].
Nasdaq-Listed Healthcare Company Prenetics Secures $48M to Boost Bitcoin Treasury Strategy
Yahoo Finance· 2025-10-28 11:13
Core Insights - Prenetics Global has successfully raised $48 million in an oversubscribed equity round to enhance its Bitcoin treasury program and expand its IM8 supplement brand [1][9] - The company aims to achieve $1 billion in annual revenue and $1 billion in Bitcoin holdings within five years [4][6] Investment and Stakeholders - The funding round attracted a diverse group of investors, including traditional and crypto-native firms such as Kraken, Exodus, and DL Holdings, along with celebrity investors like Aryna Sabalenka and Adrian Cheng [3][9] - Prenetics has a notable shareholder in David Beckham, which adds to its brand recognition [4] Financial Performance and Projections - The company initiated a "1 BTC per day" treasury plan on August 1, accumulating approximately 275 BTC valued at around $31 million as of October 27 [5] - Following the capital raise, Prenetics anticipates total liquidity of about $131 million [5] - The IM8 brand achieved $100 million in recurring revenue within its first 11 months and is projected to generate between $160 million and $200 million in 2026 [5] Market Reaction - Despite the positive funding news, Prenetics' stock experienced a decline of 21.96% to close at $13.08, but rebounded by 4.51% in after-hours trading [6] - The company's shares have shown volatility but have increased over 160% in the past six months, reflecting growing investor interest in its unique business model [6]
Prenetics Announces Oversubscribed Approximately $48 Million Equity Offering with Potential for $216 Million in Total Proceeds to Fuel IM8's Global Expansion and Bitcoin Treasury Strategy
Globenewswire· 2025-10-27 14:12
Core Insights - Prenetics Global Limited has successfully priced a public offering of approximately $48 million, which includes Class A and Class B warrants, with potential total proceeds of up to $216 million if all warrants are exercised [1][2][12] - The company’s flagship brand, IM8, has achieved $100 million in annual recurring revenue within just 11 months of launch, marking the fastest growth in the supplements industry [4][20] - Prenetics aims to reach $1 billion in annual revenue and $1 billion in Bitcoin holdings within the next five years, supported by a strategic focus on its IM8 brand and Bitcoin treasury initiatives [6][7][15] Financial Overview - The public offering consists of 2,992,596 Class A ordinary shares and warrants, priced at $16.08 per share, with gross proceeds expected to be around $48 million before fees [1][2] - IM8 is projected to generate over $8.6 million in monthly revenue for October 2025, leading to an annual run rate of approximately $103 million [14] - Prenetics will hold approximately $100 million in cash and 275 BTC valued at $31 million as of October 27, 2025, totaling $131 million in liquidity [15][21] Strategic Partnerships - The offering has attracted a distinguished group of investors, including Kraken, American Ventures, and Jihan Wu's GPTX, enhancing Prenetics' strategic value in the cryptocurrency and health sectors [3][5] - Notable investors like Aryna Sabalenka and Adrian Cheng are expected to amplify IM8's global reach and cultural influence [7][20] Market Positioning - Prenetics is positioned at the intersection of health innovation and digital assets, being the first consumer health company to establish a Bitcoin treasury [21] - The company is targeting the $704 billion global supplements market expected by 2030, leveraging its rapid growth and strategic partnerships [4][20]
Prenetics Announces Oversubscribed Approximately $48 Million Equity Offering with Potential for $216 Million in Total Proceeds to Fuel IM8’s Global Expansion and Bitcoin Treasury Strategy
Globenewswire· 2025-10-27 14:12
Core Insights - Prenetics Global Limited has successfully priced a public offering of approximately $48 million, involving 2,992,596 Class A ordinary shares and warrants [1][2] - The company aims to leverage its rapid growth in the health supplement sector, particularly through its brand IM8, which achieved $100 million in annual recurring revenue within 11 months of launch [5][21] - Prenetics is strategically focusing on its IM8 brand while considering divestment of other business units to maximize shareholder value [7] Financial Overview - The offering includes a double warrant structure, with Class A and Class B warrants exercisable at premiums of 50% and 100% respectively, potentially raising total proceeds to approximately $216 million if fully exercised [2] - IM8 is projected to generate revenues between $160 million and $200 million in 2026, with a current monthly revenue run rate of over $8.6 million [15][13] - Following the offering, Prenetics will hold approximately $100 million in cash and 275 BTC valued at $31 million, totaling $131 million in liquidity [16] Strategic Partnerships - The offering was supported by notable investors including Kraken, American Ventures, and Jihan Wu's GPTX, enhancing Prenetics' strategic positioning in the cryptocurrency and health sectors [3][6] - Aryna Sabalenka, a world-renowned tennis champion, has increased her stake in Prenetics, further aligning her brand with the company's mission [4][8] Market Positioning - IM8 is recognized as the fastest-growing supplement brand globally, with significant traction across multiple markets, targeting a share of the $704 billion global supplements market expected by 2030 [5][21] - The company is pioneering a Bitcoin treasury strategy, purchasing 1 BTC daily, which positions it at the intersection of health innovation and digital assets [22]
Prenetics Announces $48.0 Million Equity Offering to Fuel IM8’s Global Expansion and Bitcoin Treasury Strategy
Globenewswire· 2025-10-27 13:52
Core Viewpoint - Prenetics Global Limited has successfully priced a public offering to raise approximately $48 million, which will be used for global expansion and strategic Bitcoin accumulation as part of its health and wealth strategy [1][3]. Group 1: Offering Details - The offering includes 2,992,596 Class A ordinary shares and associated warrants at a combined price of $16.08 per share [1]. - Class A Common Warrants have an exercise price of $24.12 per share, while Class B Common Warrants are priced at $32.16 per share, representing premiums of 50% and 100% respectively [2]. - The offering is expected to close on October 28, 2025, pending customary closing conditions [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to the global expansion of IM8, Prenetics' flagship consumer brand, which has achieved rapid growth [3]. - The company is also focusing on accumulating Bitcoin, having established a Bitcoin Treasury and purchasing 1 Bitcoin per day, totaling 275 BTC as of October 27, 2025 [8]. Group 3: Company Background - Prenetics is recognized as a leading health sciences company, co-founded with David Beckham, and has rapidly grown its IM8 brand to reach $100 million in annual recurring revenue within 11 months of launch [7]. - The company is pioneering the intersection of health innovation and digital assets, positioning itself uniquely in the market [8].