Tulane Health System now has available a COVID-19 test that will give results in minutes.
Administrators for the health system said Monday the tests are available for all inpatient admissions for COVID-19, giving them additional protection for staff and patients.Sign up for our Newsletters
According to Tulane, the test can give results in as little as five minutes. It will also be administered to patients who have no symptoms.
Tests are available at Tulane Medical Center, Tulane Lakeside Hospital and the Tulane Cancer Center, according to the health system. It was developed by Abbott Laboratories.
"The speed of this new testing capability – which was granted emergency use authorization from the U.S. Food and Drug Administration late last week – also lets us quickly know which patients are and are not COVID-positive,” said Dr. Brandon Mauldin, Tulane Health System’s chief medical officer.
Tulane officials said they are also discussing how they can work with other area hospitals to assist them with rapid testing, as well.
Mauldin said the health system will continue to prioritize emergency rooms for patients whose symptoms are significant and require hospitalization.
Click here for more information about the test.
READ THE FULL STORY:Tulane Health System begins using COVID-19 new testing technology that gives results in minutes
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Blancco Technology Group plc (LON:BLTG) shareholders have seen the share price descend 12% over the month. But that doesn't change the reality that over twelve months the stock has done really well. Looking at the full year, the company has easily bested an index fund by gaining 63%.
See our latest analysis for Blancco Technology Group
While Blancco Technology Group made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. As a general rule, we think this kind of company is more comparable to loss-making stocks, since the actual profit is so low. For shareholders to have confidence a company will grow profits significantly, it must grow revenue.
In the last year Blancco Technology Group saw its revenue grow by 14%. That's not a very high growth rate considering it doesn't make profits. The modest growth is probably largely reflected in the share price, which is up 63%. That's not a standout result, but it is solid - much like the level of revenue growth. It could be worth keeping an eye on this one, especially if growth accelerates.
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
AIM:BLTG Income Statement April 9th 2020More
It is of course excellent to see how Blancco Technology Group has grown profits over the years, but the future is more important for shareholders. Take a more thorough look at Blancco Technology Group's financial health with this free report on its balance sheet.What about the Total Shareholder Return (TSR)?
We'd be remiss not to mention the difference between Blancco Technology Group's total shareholder return (TSR) and its share price return. The TSR attempts to capture the value of dividends (as if they were reinvested) as well as any spin-offs or discounted capital raisings offered to shareholders. Its history of dividend payouts mean that Blancco Technology Group's TSR of 63% over the last year is better than the share price return.A Different Perspective
We're pleased to report that Blancco Technology Group shareholders have received a total shareholder return of 63% over one year. Notably the five-year annualised TSR loss of 1.2% per year compares very unfavourably with the recent share price performance. This makes us a little wary, but the business might have turned around its fortunes. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with Blancco Technology Group , and understanding them should be part of your investment process.
But note: Blancco Technology Group may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on GB exchanges.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
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