{"id":12047,"date":"2024-10-15T18:30:00","date_gmt":"2024-10-15T16:30:00","guid":{"rendered":"https:\/\/www.maunakeatech.com\/?p=12047"},"modified":"2025-01-15T19:52:21","modified_gmt":"2025-01-15T18:52:21","slug":"mauna-kea-technologies-reports-h1-2024-financial-results-and-q3-2024-sales","status":"publish","type":"post","link":"https:\/\/www.maunakeatech.com\/int\/news-int\/mauna-kea-technologies-reports-h1-2024-financial-results-and-q3-2024-sales\/","title":{"rendered":"Mauna Kea Technologies Reports H1 2024 Financial Results and Q3 2024 Sales"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><strong><em>Confirmation of lower breakeven point trajectory with 9% Reduction in Operational Expenses&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>&nbsp;Q3 2024 Sales Growth of +24%<sup>1<\/sup> Driven by New System Sales in the U.S. and Europe<\/em><\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-text-align-center\">&nbsp;<strong><em>Official Launch of the Food Intolerance Platform CellTolerance<sup>\u00ae&nbsp;<\/sup><\/em><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>\u00a0Sales Pipeline Strengthened thanks to Recent Positive Clinical Results in Pancreatic Cysts and Lung Cancer\u00a0<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>Reaffirming Guidance of 20% Annual Sales Growth<sup>1<\/sup><\/em><\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Paris and Boston, October 15, 2024 \u2013 6:30 pm CEST \u2013 Mauna Kea Technologies (Euronext: ALMKT)<\/strong>, inventor of Cellvizio<sup>\u00ae<\/sup>, the multidisciplinary probe and needle-based confocal laser endomicroscopy (p\/nCLE) platform, today announces its financial results for the first half 2024, ended June 30, 2024, as approved by the Board of Directors on October 11, 2024 and sales for the third quarter 2024. The half-year financial report is available on the Company&#8217;s website.&nbsp;<\/p>\n\n\n\n<p><strong>Sacha Loiseau, Ph.D., Chairman and CEO of Mauna Kea Technologies<\/strong>, commented: <em>&#8220;As we look to year-end, I am pleased that the professionalism and commitment of the Mauna Kea organization combined with expanding recognition of the clinical value of Cellvizio is creating a clearer path to producing profitable growth. In the third quarter, we achieved growth in systems sold and a 29% y\/y increase in consumables delivered while obtaining important clinical study results in lung and pancreatic cancers. Publications by leading authors also contribute to our commercial success and create new strategic partnerships opportunities. At the same time, we are working diligently to consolidate our foundation, including implementing rigorous cost reduction initiatives that both extend our cash runway and accelerate Mauna Kea\u2019s path to profitability. Finally, we are working on the launch of CellTolerance<sup>\u00ae<\/sup> before year-end at a major French wellness clinic. With further sales gains expected in the U.S. and at our Chinese joint venture, we confirm our 2024 revenue target.\u201d&nbsp;<\/em><\/p>\n\n\n\n<p><br>&nbsp;<br><em><sup>1<\/sup> Excluding licensing revenues&nbsp;<\/em><br><br><\/p>\n\n\n\n<p><a href=\"https:\/\/www.maunakeatech.com\/wp-content\/uploads\/2024\/09\/PR_ALMKT_Renaud-Lung-Study.pdf\">READ THE FULL PRESS RELEAS<\/a><a href=\"https:\/\/www.maunakeatech.com\/wp-content\/uploads\/2024\/10\/PR_MKT_H1-2024-and-Q3-2024-Sales_EN.pdf\">E<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Confirmation of lower breakeven point trajectory with 9% Reduction in Operational Expenses&nbsp; &nbsp;Q3 2024 Sales Growth of +24%1 Driven by New System Sales in the U.S. and Europe&nbsp; &nbsp;Official Launch of the Food Intolerance Platform CellTolerance\u00ae&nbsp; \u00a0Sales Pipeline Strengthened thanks to Recent Positive Clinical Results in Pancreatic Cysts and Lung Cancer\u00a0 Reaffirming Guidance of 20% [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3908,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[34],"tags":[],"class_list":["post-12047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-int"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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