Integral Diagnostics Limited's shareholder structure has been divulged, revealing that the company's significant 58% stake is held by individual investors. Meanwhile, institutional investors hold a 32% stake in the company, as reported on Tuesday.
The majority ownership of the company, constituting 41%, is shared among 25 investors. Leading the pack is Yarra Funds Management Limited, holding the largest share at 6.7%. Following closely are the second and third-largest shareholders, owning about 6.1% and 5.5% of the company, respectively.
Institutional investors maintain a respectable stake in Integral Diagnostics, despite potential risks such as share price drops from simultaneous large-scale sell-offs. Their continued investment in the company indicates credibility and confidence in its performance, even in light of occasional bad investments.
The company's inclusion in major indices also plays a significant role in attracting these institutional investors. It underscores the importance of considering Integral Diagnostics' past earnings trajectory when making investment decisions.
According to InvestingPro data, the company has a market cap of $4.32 million and a revenue of $37.37 million as of Q2 2023. The revenue growth has been accelerating, witnessing a quarterly growth of 49.1% in FY2023.Q2. This aligns with one of the InvestingPro Tips that suggests the company's revenue growth has been on the rise.
Moreover, the company's gross profit margin stands at a solid 60.36%. However, it's essential to note that the company has been quickly burning through cash, as pointed out by an InvestingPro Tip. This is reflected in the negative return on assets of -59.29% in Q2 2023.
In terms of share performance, the company has seen a significant return over the last week, with a 10.49% increase. Yet, the overall performance over the past year has been less impressive, with a decrease of -53.27%.
For more insights and tips, consider exploring the InvestingPro product that includes additional tips. For instance, there are currently four more tips available for Integral Diagnostics Limited on InvestingPro.
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