Q4 Revenue of $2.82 Million

TORONTO, ON / ACCESSWIRE / April 1, 2021 / StageZero Life Sciences, Ltd. (TSX:SZLS) ("StageZero" or the "Company") reports financial results for the three and twelve months ended December 31, 2020, and provides an update on its business progress.

"Fourth quarter revenues are up significantly from Q3 and increased more than $2.54 million compared with the fourth quarter of 2019. This builds on our third quarter results and the Company's decision to offer COVID-19 testing. The Company received $2.82 million revenue during Q4 2020, which amount included revenue deferred into 2021 of $0.23 million" said James Howard-Tripp, Chairman and CEO of StageZero.

Operational Update and Recent Highlights
The following milestones were achieved during the fourth quarter:

  • Received revenue of $2.82 million for the period.
  • Closed a prospectus offering of more than C$7M.
  • Hired additional staff and purchased equipment, test reagents, and consumable materials (for COVID-19 Tests and Aristotle®).

The following has been achieved in the first quarter of 2021:

  • Aristotle launched as part of the AVRT Program
  • Acquisition of Health Clinics Limited
  • Expanded testing in Canada via the Company's partnership with Ichor Blood Services.
  • Hired further staff and expanded testing capacity, both for COVID-19 and Aristotle®.
  • Participated in two investor focused conferences.

"Revenue from 2020 and 2021 supports the Company's efforts for commercialization and marketing of AVRT and Aristotle" said James Howard-Tripp, Chairman and CEO of StageZero. "We are pleased to have Health Clinics and Care Oncology as our partner, with the infrastructure in place, to support the uptake of these very innovative products"