Proteomics International Laboratories Ltd (ASX:PIQ)

ALERT: Price-sensitive ASX Announcement for PIQ

Current share price for PIQ : $0.135 -0.13 (-49.06%)⁺

Announcement

Quarterly Activities/Appendix 4C Cash Flow Report

Release

28 Apr 2026 9:13AM

Price at Release

$0.265

Full Release

Summary

Proteomics International Laboratories Ltd released its Quarterly Activities Report and Appendix 4C Cash Flow Report for the third quarter of FY26. The company completed a strategic review which resulted in discontinuing the direct-to-consumer business model and engaging with new distribution partners in Australia and the USA. The report highlights ongoing validation and refinement of diagnostic assays and a significant organisational restructure leading to cost savings over $1 million. Leadership changes included the appointment of a new CEO, David Morris. Financially, the company reported cash outflows of $2.6 million for the quarter with cash reserves at $5.7 million. Significant attention is placed on disciplined commercial execution and efficient capital management to support future growth.

Key Points

Strategic review completed and discontinuation of the DTC business model.
Engagement with potential distribution partners in Australia and the USA.
Continued validation and refinement of Promarker Endo and Promarker Eso assays.
Organisational restructure resulting in cost savings exceeding $1 million.
Leadership changes including the appointment of Mr David Morris as CEO and Managing Director.
Cash outflows from operations totaled $2.6 million for the quarter ending 31 March 2026.
Received $0.7 million from the exercise of PIQO options.
Cash and cash equivalents stood at $5.7 million as of 31 March 2026.
Net cash used in operating activities was $3.6 million year to date.
Financial discipline and commercial strategy highlighted as a priority.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.