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Prenetics Global Limited Warrant (PRENW) Financials

PRENW
FY2024 annual
Revenue $30.6M +40.8% YoY
Net Income -$46.3M n/m YoY
EPS (Diluted) -$3.71 n/m YoY
Free Cash Flow -$29.9M n/m YoY
Source SEC Filings (20-F/6-K) Latest period FY2024, ended Dec 31, 2024 Reported Currency USD FYE December

Newest figures come from the 20-F for FY2024, filed Apr 30, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PRENW SEC filings page.

Prenetics Global Limited Warrant (PRENW) reported $30.6M in revenue for fiscal year 2024, up 40.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PRENW FY2024

Revenue expanded, but Prenetics still turns that growth into operating cash losses and relies more on equity than debt.

From FY2023 to FY2024, revenue rose to $30.6M while the net loss narrowed to $49.8M. Yet operating cash flow worsened from -$13.8M to -$28.9M, with free cash flow also negative, showing that reported earnings improvement did not translate into better cash conversion.

FY2024 total liabilities were $42.2M against assets of $213.6M, so the balance sheet is financed far more by equity than debt. Equity declined from $210.2M in FY2023 to $171.3M in FY2024, consistent with losses reducing that cushion.

Capital spending was only $1.0M in FY2024 while operating cash flow was -$28.9M; therefore, the cash shortfall was primarily tied to the core operation rather than heavy reinvestment. The 2.4x current ratio indicates reported short-term assets exceeded near-term liabilities, but it does not offset the ongoing cash-generation gap.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Prenetics Global Limited Warrant does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
4/8

Prenetics Global Limited Warrant passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality No Cash Backing
N/A

Prenetics Global Limited Warrant reported a net loss of $46.3M while operations used $28.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Prenetics Global Limited Warrant reported an operating loss of $48.1M against $203K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue
$30.6M
YoY+40.8%

Prenetics Global Limited Warrant generated $30.6M in revenue in fiscal year 2024. This represents an increase of 40.8% from the prior year.

Net Income
-$46.3M
YoYn/m

Prenetics Global Limited Warrant reported a net loss of $46.3M in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.

EPS (Diluted)
-$3.71
YoYn/m

Prenetics Global Limited Warrant earned -$3.71 per diluted share (EPS) in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.

EBITDA

Not reported for fiscal year 2024.

Cash & Balance Sheet

Free Cash Flow
-$29.9M
YoYn/m

Prenetics Global Limited Warrant recorded an outflow of $29.9M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.

Cash & Debt
$52.3M
YoY+14.3%

Prenetics Global Limited Warrant held $52.3M in cash as of fiscal year 2024; no long-term debt figure is on record for that period.

Shares Outstanding
13M
YoY+6.4%

Prenetics Global Limited Warrant had 13M shares outstanding in fiscal year 2024. This represents an increase of 6.4% from the prior year.

Dividends Per Share

Not reported for fiscal year 2024.

Margins & Returns

Gross Margin
50.3%
YoY+9.7pp

Prenetics Global Limited Warrant's gross margin was 50.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 9.7 percentage points from the prior year.

Return on Equity
-27.2%
YoY+3.2pp

Prenetics Global Limited Warrant's ROE was -27.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 3.2 percentage points from the prior year.

Operating Margin

Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

R&D Spending
$10.9M
YoY-6.3%

Prenetics Global Limited Warrant invested $10.9M in research and development in fiscal year 2024. This represents a decrease of 6.3% from the prior year.

Capital Expenditures
$1.0M
YoY+191.6%

Prenetics Global Limited Warrant invested $1.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 191.6% from the prior year.

Share Buybacks

Not reported for fiscal year 2024.

PRENW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PRENW annual income statement
MetricFY2420-FFY2320-FFY2220-FFY2120-FFY2020-F
Revenue$30.6M+40.8%$21.7M+65.2%$13.2M+5.0%$12.5M-80.8%$65.2M
Cost of Revenue$15.2M+17.9%$12.9M+35.3%$9.5M+6.9%$8.9M-77.0%$38.8M
Gross Profit$15.4M+74.4%$8.8M+144.1%$3.6M+0.4%$3.6M-86.3%$26.3M
R&D Expenses$10.9M-6.3%$11.7M+94.7%$6.0M-6.3%$6.4M+129.7%$2.8M
Operating Income-$48.1Mn/m-$51.9Mn/m-$66.0Mn/m-$56.7Mn/m-$995K
Interest Expense$203K-16.1%$242K+39.9%$173K-96.7%$5.2M+8693.5%$60K
Income Tax-$7.9Mn/m-$269Kn/m-$245K-109.5%$2.6Mn/m-$1.9M
Net Income-$46.3Mn/m-$62.7Mn/m-$190.5Mn/m-$174.0Mn/m-$1.9M
EPS (Basic)-$3.71n/m-$5.58-$37.57-$178.81-$0.15
EPS (Diluted)-$3.71n/m-$5.58-$37.57-$178.81-$0.15
Diluted Shares (Avg)12M+11.1%11M5MN/AN/A

Not reported in any period shown, so not listed: SG&A Expenses, EBITDA.

PRENW Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PRENW annual balance sheet
MetricFY2420-FFY2320-FFY2220-FFY2120-FFY2020-F
Total Assets$213.6M-16.0%$254.2M-18.6%$312.1M+110.2%$148.5MN/A
Current Assets$86.1M-8.0%$93.7M-61.3%$241.8M+126.2%$106.9MN/A
Cash & Equivalents$52.3M+14.3%$45.7M-68.8%$146.7M+315.6%$35.3M+143.5%$14.5M
Inventory$6.6M+110.0%$3.1M-31.0%$4.5M-33.6%$6.8MN/A
Accounts Receivable$16.8M-5.0%$17.7M-66.8%$53.2M-3.1%$54.9MN/A
Goodwill$37.4M+28.1%$29.2M-13.7%$33.8M+749.7%$4.0M-0.4%$4.0M
Total Liabilities$42.2M-4.1%$44.0M-35.9%$68.7M-87.5%$549.4MN/A
Current Liabilities$36.6M-7.4%$39.5M-31.0%$57.2M-2.6%$58.7MN/A
Non-Current Liabilities$5.7M+25.4%$4.5M-60.5%$11.5M-97.7%$490.7MN/A
Total Equity$170.4M-17.4%$206.4M-13.0%$237.1Mn/m-$400.8M-1392.6%$31.0M

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Long-Term Debt, Retained Earnings.

PRENW Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PRENW annual cash flow statement
MetricFY2420-FFY2320-FFY2220-FFY2120-FFY2020-F
Operating Cash Flow-$28.9Mn/m-$13.8M-194.8%$14.5M+8.2%$13.4Mn/m-$2.9M
Capital Expenditures$1.0M+191.6%$345K-93.0%$4.9M-42.1%$8.5M+198.5%$2.9M
Free Cash Flow-$29.9Mn/m-$14.1M-247.5%$9.6M+96.5%$4.9Mn/m-$5.7M
Investing Cash Flow$38.5Mn/m-$83.0Mn/m-$46.1Mn/m-$22.0Mn/m-$6.0M
Financing Cash Flow-$3.3Mn/m-$4.7M-103.3%$143.3M+388.9%$29.3M+147.5%$11.8M

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.

PRENW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PRENW annual financial ratios
MetricFY2420-FFY2320-FFY2220-FFY2120-FFY2020-F
Gross Margin50.3%+9.7pp40.6%+13.1pp27.5%-1.3pp28.7%-11.7pp40.4%
Operating Margin-157.2%-238.7%-501.5%-452.1%-1.5%
Net Margin-151.2%-288.5%-1446.8%-1388.4%-3.0%
Return on Equity-27.2%+3.2pp-30.4%+49.9pp-80.3%N/A-6.3%
Return on Assets-21.7%+3.0pp-24.7%+36.3pp-61.0%+56.1pp-117.2%N/A
Current Ratio2.360.0x2.37-1.9x4.23+2.4x1.82N/A
Liabilities-to-Equity0.250.0x0.21-0.1x0.29N/AN/A
Asset Turnover0.14+0.1x0.090.0x0.040.0x0.08N/A
FCF Margin-97.6%-32.7pp-64.9%-137.6pp72.7%+33.8pp38.9%+47.7pp-8.8%

Not reported in any period shown, so not listed: Debt-to-Equity.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Frequently Asked Questions

What is Prenetics Global Limited Warrant's annual revenue?

Prenetics Global Limited Warrant (PRENW) reported $30.6M in total revenue for fiscal year 2024. This represents a 40.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Prenetics Global Limited Warrant's revenue growing?

Prenetics Global Limited Warrant (PRENW) revenue grew by 40.8% year-over-year, from $21.7M to $30.6M in fiscal year 2024.

Is Prenetics Global Limited Warrant profitable?

No, Prenetics Global Limited Warrant (PRENW) reported a net loss of $46.3M in fiscal year 2024.

Prenetics Global Limited Warrant (PRENW) reported diluted earnings per share of -$3.71 for fiscal year 2024. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Prenetics Global Limited Warrant (PRENW) had a gross margin of 50.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

Prenetics Global Limited Warrant (PRENW) has a return on equity of -27.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

Prenetics Global Limited Warrant (PRENW) recorded an outflow of $29.9M in free cash flow during fiscal year 2024. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Prenetics Global Limited Warrant (PRENW) recorded an outflow of $28.9M in operating cash flow during fiscal year 2024, representing cash used by core business activities.

Prenetics Global Limited Warrant (PRENW) had $213.6M in total assets as of fiscal year 2024, including both current and long-term assets.

Prenetics Global Limited Warrant (PRENW) invested $1.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Prenetics Global Limited Warrant (PRENW) invested $10.9M in research and development during fiscal year 2024.

Prenetics Global Limited Warrant (PRENW) had 13M shares outstanding as of fiscal year 2024.

Prenetics Global Limited Warrant (PRENW) had a current ratio of 2.36 as of fiscal year 2024, which is generally considered healthy.

Prenetics Global Limited Warrant (PRENW) had a liabilities-to-equity ratio of 0.25 as of fiscal year 2024, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2024, because the filing data we hold for that year carries no long-term debt figure.

Prenetics Global Limited Warrant (PRENW) had a return on assets of -21.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Prenetics Global Limited Warrant (PRENW) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Prenetics Global Limited Warrant (PRENW) reported a net loss of $46.3M while operations used $28.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Prenetics Global Limited Warrant (PRENW) reported an operating loss of $48.1M against $203K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

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