ASX Healthcare Stocks Bucking the Trend

While the S&P/ASX 200 Health Care (XHJ)?index has closed in the negative, some healthcare shares are performing well.

Biome Limited (ASX: BIO)

Biome Limited delivered a strong Q1 FY25 performance, underscoring its momentum with a third consecutive quarter of positive EBITDA at $122,000, a record cash receipt of $3.89 million (up 84% YoY), and quarterly sales revenue reaching $4.25 million. This marks a 12% increase over the prior quarter (Q4 FY24) and a 55% rise from the previous corresponding period (Q1 FY24), further supporting Biome’s high gross margin, which remained above 60% for the quarter. The company’s same-store pharmacy sales were up by an impressive 68% YoY.

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