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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Verici Dx
Verici Dx (VRCI) investor relations material
Verici Dx H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary30 Sep, 2026
Executive summary
Achieved $1.8m in revenue for H1 2026, with Tutivia testing revenues up 53% year-over-year and 32 transplant centers onboarded by June, expanding to 35 by report date.
Equity fundraise in June 2026 raised gross proceeds of £2.6m ($3.4m), with a further proposed raise announced to support growth.
Tutivia now represents 23% of annual US kidney transplants, with average reimbursement of $2,300 per test.
Protega test granted a CPT® PLA code, effective October 2026, supporting future commercialization.
Financial highlights
Revenue of $1.8m in H1 2026 (H1 2025: $1.9m), with Tutivia revenue up 51.2% year-over-year.
Adjusted EBITDA loss of $3.5m (H1 2025: $2.8m loss); net loss of $4.0m (H1 2025: $3.1m loss).
Cash balance of $2.4m at 30 June 2026 (31 Dec 2025: $3.3m); net cash outflow from operations $3.8m.
Accounts receivable increased to $2.1m, reflecting higher revenues and longer embedding into payor systems.
Outlook and guidance
Q3 2026 test orders expected to exceed 500, with nine-month growth over 53% year-over-year.
Anticipates further strong growth in Q4 2026 from expanded sales team and new centers.
New product Transcriptx to launch by end FY 2026, with Protega and PTRA expected to generate revenue in FY 2027.
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Latest events from Verici Dx
- 32% Q1 revenue growth and $3.7m in 2025 highlight strong US adoption and scale-up potential.VRCI
H2 2025 - Tutivia testing volumes surged 32% sequentially in Q1 2026, driving strong commercial momentum.VRCIQ1 2026 TU
- Revenue rose to $3.8m in FY25, fueled by Tutivia test adoption and expanded US coverage.VRCIH2 2025 TU
- Medicare coverage, fundraising, and new centers drive commercial growth and revenue momentum.VRCIH1 2025
- Revenue surged and losses narrowed as Medicare coverage unlocked growth, but funding is required by July 2025.VRCIH2 2024
- $3.339m H1 revenue, $7.015m cash and expected runway into 2026.VRCIH1 2024
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