B.C.’s fastest-growing companies seeing sales soar between 2018 and 2022

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 85 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 77%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Acquisitions, commodity prices and pandemic peculiarities all helped businesses grow their revenue

BIV’s 2023 list of fastest-growing companies highlights 100 B.C. companies that have seen extraordinary success increasing revenue over the past five years.

Prasad’s venture employs 250 people at manufacturing plants in India, the U.S. and Canada, and he is looking to add to his company’s 37-worker contingent in Burnaby. Companies’ share prices can fluctuate because of investors’ unwarranted exuberance or sudden fickleness, he added. Hours later, AbCellera’s shares were trading for more than US$70 per share. They have since slumped more than 90 per cent to trade for between US$5 and US$6 per share.

Recent investor skittishness about AbCellera could be because people have moved on from investing in companies that make COVID-19 treatments. “The payments that we got for doing the work – the research payments, the cash payments up front – they are tiny compared to the value of the royalties,” he said.

AbCellera has worked on more than 70 different drug-development partnerships, most of which relate to cancer, autoimmunity and metabolic disorders. The path to having approved drugs for those ailments, however, can easily take up to 10 years. The privately held venture, which provides background checks for employers and potential landlords, saw its revenue rise 18,289.2 per cent to $33,500,000 between 2018 and 2022.Certn’s vice-president of corporate affairs and general counsel, Shannon Davidson, told BIV that Certn also received several funding rounds, including an US$80 million Series B financing.

It has made several dozen acquisitions in the past couple decades, including many in the past five years. Its largest acquisition in the 2018-2022 time period was in 2020, when it joined with a Mi’kmaq First Nations coalition to spend approximately $1 billion, including debt, to buy Clearwater Seafoods Inc.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 14. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

B.C.’s fastest-growing companies seeing sales soar between 2018 and 2022Acquisitions, commodity prices and pandemic peculiarities all helped businesses grow their revenue
출처: PGCitizen - 🏆 65. / 51 더 많은 것을 읽으십시오 »