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Trinity Biotech plc (TRIB)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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3.3600+0.4100 (+13.90%)
As of 3:43PM EDT. Market open.
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Previous close2.9500
Open2.9500
Bid3.3300 x 900
Ask3.3600 x 800
Day's range2.9500 - 3.9800
52-week range1.2100 - 6.8200
Volume4,574,494
Avg. volume299,019
Market cap70.23M
Beta (5Y monthly)1.67
PE ratio (TTM)N/A
EPS (TTM)-0.3060
Earnings date25 May 2021 - 31 May 2021
Forward dividend & yieldN/A (N/A)
Ex-dividend date05 Jun 2015
1y target est7.00
  • Globe Newswire

    Trinity Biotech Announces the Submission of TrinScreen™ HIV to the World Health Organisation for Approval

    DUBLIN, Ireland, March 30, 2021 (GLOBE NEWSWIRE) -- Trinity Biotech plc (Nasdaq: TRIB) has submitted its new HIV screening product, TrinScreen™ HIV, to the World Health Organisation (WHO) for approval. This product, once approved, will allow the Company to build on its strong presence in HIV testing in Africa, with the Company having been the main confirmatory test provider over many years with its Uni-Gold™ HIV test. It is expected that the WHO will take a number of months to consider the submission. The Company intends to use that time to prepare for automated manufacturing of the test at the Company’s facility in Ireland. Test Overview The product is designed to test for the presence of HIV antibodies from a finger stick sample of blood, in less than 12 minutes. The test has been designed to maximise assay sensitivity and ease of use in the field. A high assay sensitivity indicates the potential risk of a false negative result is very low - a critical parameter in screening programmes where the objective is to identify those with HIV infection. Ease of use in the field allows for broad dissemination of testing which is of critical importance in the African HIV testing market. Performance Evaluation As part of the WHO approval process the product has already undergone an evaluation sponsored by the WHO with 1,200 clinical samples at an independent laboratory. The results of this evaluation were excellent. In addition to this, the full submission for pre-qualification also includes the data from a multi-centre clinical evaluation which concluded in Africa in 2020. Comments Commenting, Ronan O’Caoimh, Chief Executive Officer stated, “We are excited to have submitted our new HIV screening product, TrinScreen HIV, to the WHO for approval. The development of this product has been a strategic priority for Trinity Biotech over several years. It is very positive to see this project reach such a key milestone, especially given the challenges caused by COVID-19 to the clinical evaluation process. Trinity Biotech has already earned a strong reputation in the HIV testing market in Africa with our HIV confirmatory test, Uni-Gold HIV. We expect that on approval by the WHO of TrinScreen HIV, Trinity Biotech will be ideally positioned to take a significant share of the HIV screening market in Africa given the excellent clinical performance of the product and our existing strong reputation in the HIV testing market in Africa.” Forward Looking Statements Certain statements made in this release that are not historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Trinity Biotech to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, but not limited to, the results of research and development efforts, risks associated with the outbreak and global spread of the coronavirus (COVID-19), the effect of regulation by the U.S. Food and Drug Administration and other agencies, the impact of competitive products, product development commercialization and technological difficulties. For additional information regarding these and other risks and uncertainties associated with Trinity Biotech’s business, reference is made to our reports filed from time to time with the U.S. Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason. About Trinity Biotech Trinity Biotech develops, acquires, manufactures and markets diagnostic systems, including both reagents and instrumentation, for the point-of-care and clinical laboratory segments of the diagnostic market. The products are used to detect infectious diseases and to quantify the level of Haemoglobin A1c and other chemistry parameters in serum, plasma and whole blood. Trinity Biotech sells direct in the United States, Germany, France and the U.K. and through a network of international distributors and strategic partners in over 75 countries worldwide. For further information please see the Company's website:www.trinitybiotech.com. Contact:Trinity Biotech plcTerence Dunne(353)-1-2769800E-mail: terence.dunne@trinitybiotech.com

  • Globe Newswire

    Trinity Biotech Announces Quarter 4 and Fiscal Year 2020 Financial Results

    DUBLIN, Ireland, March 25, 2021 (GLOBE NEWSWIRE) -- Trinity Biotech plc (Nasdaq: TRIB), a leading developer and manufacturer of diagnostic products for the point-of-care and clinical laboratory markets, today announced results for the quarter ended December 31, 2020 and fiscal year 2020. Fiscal Year 2020 Results Total revenues for fiscal year 2020 were $102m versus $90.4m in 2019, an increase of 12.8% year on year and were broken down as follows: Full Year 2019Full Year 2020Increase/ (decrease) US$’000US$’000%Point-of-Care11,3939,215(19.1%) Clinical Laboratory79,04292,76517.4% Total90,435101,98012.80% Point-of-Care revenues decreased from $11.4m in 2019 to $9.2m in 2020, which represents a decrease of 19.1%. This was driven by lower HIV sales in both the USA and Africa. The decline in the USA was attributable to the decision to exit this market in 2019, which had been in decline for a number of years, whilst African sales were lower due to logistical and testing constraints arising from Covid-19 in the second and third quarters, with normal trading patterns only being restored in Q4 2020. Clinical Laboratory revenues increased from $79.0m in 2019 to $92.8m, which represents an increase of 17.4%. The increase is mainly due to strong sales within our Covid-19 related portfolio of products, with our PCR Viral Transport Media product being the most significant contributor to revenue within that portfolio. Due mainly to the impact of Covid-19, revenues for Haemoglobins, Autoimmune and Infectious Disease products all recorded decreases in 2020 compared to 2019. In our Haemoglobins business, revenues were affected by the deferral of Diabetes instrument purchases as healthcare resources were stretched by the pandemic. Our Autoimmune business was also impacted by Covid-19, experiencing lower testing volumes at its New York reference laboratory. Infectious Diseases revenues were impacted not only by pandemic factors but also by lower Lyme sales attributable to the continued migration away from Western Blot to other testing formats. The gross margin for the year was 47.6% compared to 42.2% in 2019. This increase was largely due to the impact of strong sales within our Covid-19 related portfolio of products, fewer instrument placements, lower depreciation and a range of cost saving measures put in place during the year. Other operating income increased from $0.1m in 2019 to $1.9m in 2020. The $1.9m income in 2020 mainly relates to funding received under the U.S. government’s Cares Act, principally its Paycheck Protection Program. Two out of six Paycheck Protection Program (“PPP”) loans received by the Company were forgiven during the year. We are in the process of seeking forgiveness for the remaining four PPP loans totalling $2.9m and we expect them to be forgiven in 2021. These four remaining loans are treated as short term liabilities at December 31, 2020. Research and Development expenses showed a slight reduction from $5.3m to $5.1m year on year. Meanwhile, Selling General and Administrative (SG&A) expenses decreased from $26.9m to $24.2m, a decrease of 10.0%. The decrease in SG&A expenses was mainly driven by cost saving measures which were implemented in response to the pandemic, and included the furloughing of some employees, reduced travel costs and cancellation of trade shows and other marketing activities. These savings were partially offset by increased performance-related pay due to higher revenues and profits. Operating profit (before the impact of once-off items) for the year increased from $5.3m reported in 2019 to $20.3m in 2020. This increase was mainly attributable to higher revenues and gross margin, a reduction in indirect costs and the receipt of government financial aid. The net financing expense for the year increased from $4.5m to $4.9m mainly due to lower deposit interest income on account of lower amounts held on deposit and lower prevailing interest rates. Profit before tax (before the impact of once-off items & non-cash financial expense) for 2020 was $15.5m, an increase of $14.7m versus the $0.8m reported 2019. In 2020 the Company recorded an overall tax credit of $0.2m due to the impact of R&D tax credits in USA, Canada and Ireland. Meanwhile, there was a profit after tax (before the impact of once-off items & non-cash financial income) of $15.7m in 2020 compared to a reported loss of $4.1m in 2019. A non-cash financial expense of $1.9m was recognised in relation to the Exchangeable Notes. This was due to a non-cash interest charge of $0.7m and a non-cash charge of $1.2m arising due to an increase in the fair value of the derivatives embedded in these notes. The basic earnings per ADR (our equivalent to EPS) (excluding once-off charges & non-cash financial items) for the year was 75.0 cents versus a loss per ADR of 19.4 cents in 2019. Meanwhile, there was an unconstrained diluted earnings (excluding once-off charges & non-cash financial items) per ADR of 74.9 cents compared to a loss per ADR of 0.3 cents in 2019. Earnings before interest, tax, depreciation, amortisation and share option expense (EBITDASO) for the year was $24.2m. This is made up as follows: $mOperating Profit (before non-cash and once-off items)20.3Depreciation1.7Amortisation1.4Share option expense0.8EBITDASO24.2 The above measures exclude the impact of an impairment charge of $17.8m net of tax, more information about which is provided below and a provision of $2.4m relating to the closure of our Carlsbad, CA facility in Q2 2020. Quarter 4 Results Total revenues for Q4, 2020 were $32.8m, which compares to $21.3m in Q4, 2019 and were broken down as follows: 2019 Quarter 42020 Quarter 4Increase/ (decrease) US$’000US$’000%Point-of-Care2,1722,54817.3%Clinical Laboratory19,14630,21757.8%Total21,31832,76553.70% Point-of-Care revenues in Q4, 2020 were higher than Q4, 2019 and in both quarters are largely comprised of sales of our Unigold HIV test in Africa. There was a strong recovery in HIV revenues in Africa this quarter following two successive quarters that were adversely affected by Covid-19 restrictions. Clinical Laboratory revenues increased from $19.1m to $30.2m, which represents an increase of 57.8% compared to Q4, 2019. This increase is mainly due to strong sales within our Covid-19 related portfolio of products, with our PCR Viral Transport Media continuing to be the most significant contributor to revenue within that portfolio. The recovery in the Company’s other product lines that we reported in Q3 2020 continued into Q4 2020. However, as expected revenues in Q4, 2020 did not return fully to pre-Covid levels mainly due to lower testing volumes at our Autoimmunity reference laboratory in New York and lower demand for some infectious disease testing outside of Covid-19. Gross profit for Q4, 2020 amounted to $15.7m equating to a gross margin of 47.8%, which represents an improvement compared to the 43.5% reported in the equivalent quarter last year. This increase was largely due to the sales mix (more Covid-19 related revenues and fewer instrument placements) and cost saving measures. Other operating income increased from $0.02m in Q4 2019 to $1.9m in Q4 2020. The $1.9m income in 2020 mainly relates to funding received under the U.S. government’s Cares Act, principally its Paycheck Protection Program. Two out of six Paycheck Protection Program (“PPP”) loans received by the Company were forgiven during the year. As mentioned above, we are in the process of seeking forgiveness for the remaining four PPP loans totalling $2.9m and we expect them to be forgiven in 2021. These four remaining loans are treated as short term liabilities at December 31, 2020. Research and Development expenses remained stable at $1.3m whilst Selling, General and Administrative (SG&A) expenses were higher for the quarter at $6.9m, which represents an increase of just under $0.5m compared to Q4, 2019. The increase in SG&A expenses was mainly driven by higher performance-related pay and unrealised foreign exchange losses on non-US Dollar denominated lease liabilities. Operating profit (before the impact of once-off items) increased from $1.4m to $9.1m for the quarter, representing more than six times the operating profit for the same period last year. This was due to the impact of higher revenues, improved gross margin and Paycheck Protection Program loans forgiven, partially offset by higher indirect expenses during the quarter. Financial income for the quarter showed a reduction due to lower average cash on deposit and interest rates. Meanwhile, Financial Expenses amounted to $1.2m, which was broadly in line with Q4, 2019. Of this, $1.0m related to interest payable on the Company’s Exchangeable Notes, with the remaining $0.2m representing notional financing charges arising on leased assets. A further non-cash expense of $0.8m was recognised in this quarter’s income statement, again in relation to the Exchangeable Notes. This was due to a non-cash interest charge of $0.2m and a loss of $0.6m arising due to an increase in the fair value of the derivatives embedded in these notes. The profit after tax, before impairment and non-cash financial expense, for the quarter was $8.6m compared to $1.3m for the equivalent period last year. The basic earnings per ADR (our equivalent to EPS) (excluding once-off charge and non-cash financial items) for the quarter was 41.0 cents versus 6.1 cents in Q4, 2019. Unconstrained diluted earnings (excluding once-off charges & non-cash financial items) per ADR for the quarter amounted to 35.9 cents, which compares to 9.0 cents in the equivalent quarter in 2019. Earnings before interest, tax, depreciation, amortisation and share option expense for the quarter was $10.1m. This is made up as follows: $mOperating Profit (before non-cash and once-off items)9.1Depreciation0.5Amortisation0.2Share option expense0.3EBITDASO10.1 The above measures exclude the impact of impairment charges amounting to $17.8m net of tax. More details on the impairment are provided below. Cash generated from operations during the quarter was $17.3m. Meanwhile the Company paid $2m interest on the Exchangeable Notes. Other major cash outflows for the quarter included taxes and other interest of $1.1m, capital expenditure of $3.6m and payments for property leases of $0.7m. Overall, this resulted in an increase in cash from $19.9m to $27.3m, an increase of $7.4m during the quarter. Impairment In accordance with the provisions of accounting standards under IFRS, a company is required to carry out annual impairment reviews in order to determine the appropriate carrying value of its net assets. This year’s review has resulted in a non-cash impairment charge of $17.8m net of tax being recognised. A number of factors impacted this calculation including the Company’s share price at 31 Dec 2020, cost of capital, cash flow projections and net asset values across each of the Company’s individual main business lines. New Product Update HIV Point of Care Screening – TrinScreen Despite the impact of Covid-19 on HIV testing in Africa, the Company has successfully completed the necessary clinical trials for submission to the World Health Organisation (“WHO”) for pre-qualification of our HIV screening product, TrinScreen. This product, once approved, will allow the Company to build on its strong presence in HIV testing in Africa, with the Company having been the main confirmatory test provider over many years. The Company expects to submit the pre-qualification application to the WHO before the end of March 2021. While it is expected that the WHO will take several months to consider the approval, the Company intends to use that time to prepare for manufacturing of the test at our highly-automated facility in Ireland. Covid-19 Rapid Antibody Test Development of the Company’s Covid-19 rapid anti-body test has been completed. The Company has begun to manufacture product for final validation in advance of an Emergency Use Authorisation (“EUA”) submission to the FDA. The Company expects to submit an EUA application to the FDA during quarter 2, 2021 to allow for its sale in the USA. Covid-19 Rapid Antigen Test The Company is developing a rapid Covid-19 antigen test. The Company intends to leverage its existing rapid infectious disease test design to expedite the development and validation timeframe and also generate scale efficiencies in manufacture & distribution. Comments Commenting on the results John Gillard, Chief Financial Officer stated, “The Company delivered another strong quarter with an operating profit, excluding impairment charges, of $9.1m, compared to $1.4m in Q4 2019. Gross margin for the quarter increased to 47.8% compared to 43.5% in Q4 2019, with the company benefiting from a positive sales mix and cost control measures put in place during the year.” Commenting, Ronan O’Caoimh, Chief Executive Officer stated, “We are pleased to have such a profitable quarter with a 54% increase in sales compared to Q4 2019, largely driven by strong sales within our Covid-19 related portfolio of products. It is also encouraging to see the continued rebound of our core business into Q4 2020. This strong financial performance has translated into a closing cash balance of $27.3m, an increase of over $7m in the quarter. We are also excited to have completed the necessary clinical trials for our new HIV screening test, TrinScreen and look forward to an expected pre-qualification submission to the WHO by the end of this month. We expect that once the product is approved by the WHO, the Company is ideally positioned to take a significant share of the HIV screening market in Africa given the excellent clinical performance of the product and the Company’s strong existing reputation in the HIV testing market in Africa, earned over many years.” Once-off charges and some items included in income tax are non-GAAP accounting presentations. The above mentioned numbers are unaudited. Certain statements made in this release that are not historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Trinity Biotech to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, but not limited to, the results of research and development efforts, risks associated with the outbreak and global spread of the coronavirus (COVID-19), the effect of regulation by the U.S. Food and Drug Administration and other agencies, the impact of competitive products, product development commercialization and technological difficulties. For additional information regarding these and other risks and uncertainties associated with Trinity Biotech’s business, reference is made to our reports filed from time to time with the U.S. Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason. Trinity Biotech develops, acquires, manufactures and markets diagnostic systems, including both reagents and instrumentation, for the point-of-care and clinical laboratory segments of the diagnostic market. The products are used to detect infectious diseases and to quantify the level of Haemoglobin A1c and other chemistry parameters in serum, plasma and whole blood. Trinity Biotech sells direct in the United States, Germany, France and the U.K. and through a network of international distributors and strategic partners in over 75 countries worldwide. For further information, please see the Company's website: www.trinitybiotech.com. Trinity Biotech plc Consolidated Income Statements (US$000’s except share data) Three Months Ended Dec 31, 2020 (unaudited) Three Months Ended Dec 31, 2019 (unaudited) Year Ended Dec 31, 2020 (unaudited) Year Ended Dec 31, 2019 (unaudited) Revenues 32,765 21,318 101,980 90,435 Cost of sales (17,108)(12,044)(53,400)(52,315) Gross profit 15,657 9,274 48,580 38,120 Gross profit % 47.8%43.5%47.6%42.2% Other operating income 1,841 24 1,860 91 Research & development expenses (1,284)(1,332)(5,080)(5,325)Selling, general and administrative expenses (6,872)(6,399)(24,234)(26,852)Indirect share based payments (276)(123)(780)(732) Operating profit 9,066 1,444 20,346 5,302 Financial income - 88 36 464 Financial expenses (1,224)(1,239)(4,892)(4,945)Net financing expense (1,224)(1,151)(4,856)(4,481) Profit before tax, non-cash & once-off items 7,842 293 15,490 821 Income tax credit/(expense) 730 988 182 (4,887) Profit / (loss) after tax before non-cash & once-off items 8,572 1,281 15,672 (4,066) Non-cash financial expense (820)(160)(1,859)(405)Impairment & once-off items (net of tax) (17,776)(24,443)(20,201)(24,443) Loss after tax and once-off items (10,024)(23,322)(6,388)(28,914) Earnings/(Loss) per ADR (US cents) (48.0)(111.6)(30.6)(138.3) Earnings/(Loss) per ADR (US cents)** 41.0 6.1 75.0 (19.4) Diluted earnings/(loss) per ADR (US cents) (30.8)*(87.0)*(2.0)*(96.2)* Diluted earnings/(loss) per ADR (US cents)** 35.9 9.0*74.9 (0.3)* Weighted average no. of ADRs used in computing basic earnings per ADR 20,901,703 20,901,703 20,901,703 20,901,703 Weighted average no. of ADRs used in computing diluted earnings per ADR 26,663,066 25,467,516 26,256,183 25,467,516 * Under IAS 33 Earnings per Share, diluted earnings per share cannot be anti-dilutive. Therefore, diluted loss per ADR in accordance with IFRS would be equal to basic earnings per ADR. ** Excluding impairment, once-off charges & non-cash financial items. The above financial statements have been prepared in accordance with the principles of International Financial Reporting Standards and the Company’s accounting policies but do not constitute an interim financial report as defined in IAS 34 (Interim Financial Reporting). Once-off charges and some items included in income tax are non-GAAP accounting presentations. Trinity Biotech plc Consolidated Balance Sheets Dec 31, 2020 US$ ‘000 (unaudited) Sept 30, 2020 US$ ‘000 (unaudited) June 30, 2020 US$ ‘000 (unaudited) Dec 31, 2019 US$ ‘000 (unaudited) ASSETS Non-current assets Property, plant and equipment8,547 9,462 9,297 9,290 Goodwill and intangible assets33,860 47,876 46,751 43,654 Deferred tax assets4,185 5,981 6,613 6,252 Other assets355 387 378 485 Total non-current assets46,947 63,706 63,039 59,681 Current assets Inventories30,219 29,607 31,473 32,021 Trade and other receivables22,668 21,658 17,048 20,987 Income tax receivable3,086 1,194 1,598 1,982 Cash and cash equivalents27,327 19,910 15,570 16,400 Total current assets83,300 72,369 65,689 71,390 TOTAL ASSETS130,247 136,075 128,728 131,071 EQUITY AND LIABILITIES Equity attributable to the equity holders of the parent Share capital1,224 1,213 1,224 1,224 Share premium16,187 16,187 16,187 16,187 Accumulated surplus5,918 15,665 8,194 11,514 Other reserves(25,548)(25,994)(26,317)(24,212)Total equity(2,219)7,071 (712)4,713 Current liabilities Income tax payable154 765 373 48 Trade and other payables26,488 22,281 22,327 19,351 Provisions416 50 50 50 Total current liabilities27,058 23,096 22,750 19,449 Non-current liabilities Exchangeable senior note payable83,884 83,063 82,902 82,025 Other payables16,619 16,786 16,531 17,745 Deferred tax liabilities4,905 6,059 7,257 7,139 Total non-current liabilities105,408 105,908 106,690 106,909 TOTAL LIABILITIES132,466 129,004 129,440 126,358 TOTAL EQUITY AND LIABILITIES130,247 136,075 128,728 131,071 The above financial statements have been prepared in accordance with the principles of International Financial Reporting Standards and the Company’s accounting policies but do not constitute an interim financial report as defined in IAS 34 (Interim Financial Reporting). Some items included in equity are non-GAAP accounting presentations. Trinity Biotech plc Consolidated Statement of Cash Flows (US$000’s)Three Months Ended Dec 31, 2020 (unaudited) Three Months Ended Dec 31, 2019 (unaudited) Year Ended Dec 31, 2020 (unaudited) Year Ended Dec 31, 2019 (unaudited) Cash and cash equivalents at beginning of period19,910 25,090 16,400 30,277 Operating cash flows before changes in working capital7,103 2,703 20,604 12,198 Changes in working capital10,164 (321)7,688 (796)Cash generated from operations17,267 2,382 28,292 11,402 Net Interest and Income taxes received/(paid)(1,142)(5,962)(886)(5,928) Capital Expenditure & Financing (net) (3,615)(2,325)(10,435)(12,295)Payments for leases (IFRS 16)(670)(787)(3,031)(3,060) Free cash flow11,840 (6,692)13,940 (9,881) Payment of HIV/2 License Fee- - (1,112)- Once-off items(2,425)- (2,425)- 30 year Exchangeable Note interest payment(1,998)(1,998)(3,996)(3,996) Proceeds received under Paycheck Protection Program- - 4,520 - Cash and cash equivalents at end of period27,327 16,400 27,327 16,400 The above financial statements have been prepared in accordance with the principles of International Financial Reporting Standards and the Company’s accounting policies but do not constitute an interim financial report as defined in IAS 34 (Interim Financial Reporting). Contact: Trinity Biotech plcJohn Gillard(353)-1-2769800E-mail: investorrelations@trinitybiotech.com

  • Globe Newswire

    Trinity Biotech plc to Announce Fourth Quarter and Fiscal Year 2020 Financial Results

    Conference Call Scheduled for March 25, 2021 at 11:00 am EASTERNDUBLIN, Ireland, March 23, 2021 (GLOBE NEWSWIRE) -- Trinity Biotech plc (Nasdaq: TRIB), a leading developer and manufacturer of diagnostic products for the point-of-care and clinical laboratory markets, will report financial results for the fourth quarter and fiscal year 2020 on Thursday, March 25, 2021. The Company has scheduled a conference call for that same day, Thursday, March 25, 2021 at 11:00am ET (3:00pm GMT) to discuss the results of the fourth quarter and fiscal year 2020. Interested parties can access the call by dialing: US Toll Free:1-844-861-5499 International Toll:1-412-317-6581 Ireland Toll:014311269 Ireland Toll Free:1800932830Please ask to be joined into the Trinity Biotech call. A simultaneous webcast of the call can be accessed at:https://services.choruscall.com/mediaframe/webcast.html?webcastid=Pk4sFQ4J A replay of the call can be accessed until April 1, 2021 by dialing: US Toll Free:1-877-344-7529 International Toll:1-412-317-0088 Replay Code:10153258 To access the replay using an international dial-in number, please see the link below:https://services.choruscall.com/ccforms/replay.html A webcast of the call will be available for 30 days at: https://services.choruscall.com/mediaframe/webcast.html?webcastid=Pk4sFQ4J Replays will be available 1 hour after the end of the conference. Certain statements made in this release that are not historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Trinity Biotech to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, but not limited to, the results of research and development efforts, risks associated with the outbreak and global spread of the coronavirus (COVID-19), the effect of regulation by the U.S. Food and Drug Administration and other agencies, the impact of competitive products, product development commercialization and technological difficulties. For additional information regarding these and other risks and uncertainties associated with Trinity Biotech’s business, reference is made to our reports filed from time to time with the U.S. Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason. Trinity Biotech develops, acquires, manufactures and markets diagnostic systems, including both reagents and instrumentation, for the point-of-care and clinical laboratory segments of the diagnostic market. The products are used to detect infectious diseases and to quantify the level of Haemoglobin A1c and other chemistry parameters in serum, plasma and whole blood. Trinity Biotech sells direct in the United States, Germany, France and the U.K. and through a network of international distributors and strategic partners in over 75 countries worldwide. For further information please see the Company's website: www.trinitybiotech.com. ContactJohn GillardTrinity Biotech plc(353)-1-2769800E-mail: investorrelations@trinitybiotech.com