Biome Australia – FY24 Revenue Guidance Upgrade to $12.5M

On Monday this week, Biome Australia Limited (ASX: BIO) announced an upgrade to their FY2024 revenue forecast from $11.5m to 12.5m. Compared to the FY2023 result of $7.2m this forecast delivers a growth rate of 74% for this financial year. The chart below highlights the continued accelerating strong rate of revenue growth achieved by Biome Australia Limited.

This is a terrific announcement and shows how the Activated Probiotics brand is gaining momentum amongst Australian consumers. The results in FY2023, and the forecast for FY2024, reinforces our view that the sales revenue of the business is rapidly increasing momentum.