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Microba Life Sciences
Microba Life Sciences (MAP) investor relations material
Microba Life Sciences Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary29 Jan, 2026
Executive summary
Core clinical testing volumes grew 90% year-on-year, with an annualized run rate exceeding 21,300 and on track for over 24,000 core tests, supporting regional break-even in Australia and the UK for FY26.
Completed strategic transition from legacy products to high-margin core testing and Invivo-branded supplements, with legacy products fully discontinued and over AUD 1.6 million in legacy revenue replaced.
UK market adoption is outperforming Australia by 33% at the equivalent post-launch period, leveraging acquired customer base and enhanced product features.
AI-driven transformation improved operational efficiency, with 71.4% of customer inquiries resolved by AI agents and satisfaction scores above 90%.
Launched new product features and consolidated brands, reducing practitioner onboarding time and streamlining marketing.
Financial highlights
Core testing revenue up 123% year-on-year, with FY25 revenue at $15.67 million and core testing product revenue up 129% year-on-year.
Invivo supplement volume up 110% year-on-year, with UK supplement business delivering a record quarter and over 300 subscribers.
Net operating cash outflows reduced to $1.6m in Q2 FY26, reflecting cost reductions and R&D tax incentive receipt.
Cash balance as of 31 Dec 2025 was $11.27 million, with estimated 7 quarters of funding at current burn rate.
Cash receipts for the quarter were $3.6m, down 7% YoY due to timing of new 30-day payment terms.
Outlook and guidance
Targeting over 24,000 core test volumes for the full financial year, supporting regional break-even milestones in Australia and the UK.
Group EBITDA break-even expected with further scale and continued strong clinical adoption.
Expansion into the US and Europe planned, contingent on regulatory pathways and successful laboratory partnerships.
Cash receipts expected to normalize from Q3 FY26 as payment term changes cycle through.
Major product advancements and new Microbiome Explorer SKUs scheduled for launch in the UK.
What specific results will unlock therapeutic deals?
How does product-led growth reduce customer acquisition cost?
Detail non-dilutive funding opportunities
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Frequently asked questions
Microba Life Sciences Limited is a biotechnology company specializing in microbiome analysis and therapeutics. The company provides advanced gut microbiome testing services using metagenomic sequencing technology to offer insights into human health. Microba also conducts research and development to discover and develop microbiome-based therapeutics targeting conditions such as inflammatory and metabolic diseases. The company is headquartered in Brisbane, Australia, and its shares are listed on the ASX.
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