Company Appoints Paul Murphy as Interim CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
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Should l Buy TRIB?
The Company announces that Susan O'Connor has completed her term as interim CFO, and Paul Murphy, Head of Group Reporting, has been promoted to the role of Interim CFO.
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Analyst Views on TRIB
About TRIB
Trinity Biotech plc is a commercial stage biotechnology company focused on diabetes management solutions and human diagnostics, including wearable biosensors. The Company 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 Hemoglobin A1c and other chemical parameters in serum, plasma and whole blood, and the Company intends to develop a range of biosensor devices and related services, starting with a continuous glucose monitoring product. Its TrinScreen Human Immunodeficiency Virus (HIV) rapid point-of-care test is a high-quality, single-use immunoassays to aid in the diagnosis of HIV. The Uni-Gold range of rapid point-of-care test devices consist of high-quality, single-use immunoassays to aid in the diagnosis of HIV.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Positive Market Reaction: Trinity Biotech's stock surged 43.50% to $1.28 after announcing a significant HIV testing order, reflecting market optimism regarding its financial stability and demand recovery.
- Pipeline Restart Approval: Sable Offshore's shares rose 36.32% to $10.36 following the U.S. Pipeline and Hazardous Materials Safety Administration's approval of the Las Flores Pipeline system restart plan, marking a critical step forward in the company's operational recovery.
See More
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- Durable Goods Orders Decline: U.S. durable goods orders fell by 2.2% month-over-month to $307.4 billion in October, significantly missing market expectations of a 1.5% decline, reflecting weak manufacturing demand that could impact future economic growth.
- Accelerated GDP Growth: The U.S. GDP grew at an annualized rate of 4.3% in the third quarter, up from 3.8% in the previous quarter and exceeding market estimates of 3.3%, indicating potential for economic recovery that may positively influence the stock market.
- Mixed Sector Performance: Communication services rose by 0.5% while consumer staples fell by 0.5%, demonstrating varied market reactions across sectors, prompting investors to monitor industry dynamics for strategic adjustments.
See More
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- Decline in Durable Goods Orders: Durable goods orders fell by 2.2% month-over-month to $307.4 billion in October, reflecting a cautious stance among businesses amid uncertainties, which could impact future production plans and economic outlook.
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See More
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- Financial Restructuring: The company announced new financing agreements that include additional term loan funding and greater flexibility to settle obligations through equity, alleviating near-term cash strain and extending debt maturities to 2027, thereby supporting its turnaround strategy.
- Performance Rebound: Recent quarterly results show sequential revenue growth driven by increased sales of HIV rapid tests and hemoglobin products, with adjusted EBITDA turning positive, marking a significant reversal in the company's restructuring efforts.
- Leadership Change: Paul Murphy has stepped into the role of interim CFO following Susan O'Connor's term, indicating ongoing stability in key management as the company aims to support its international expansion and commercialization of new products.
See More
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Order for HIV Screening Product: Trinity Biotech has received an order for 9 million units of its TrinScreen HIV product, which will be produced using a newly approved WHO manufacturing process, expected to fulfill by late 2025 to early 2026.
Positive Financial Update: The company reported a 32% increase in Q3 2025 revenues to $14.3 million, with gross profit rising to $6.5 million and adjusted EBITDA improving to $0.5 million, leading to a 50% increase in share price during pre-market trading.
See More
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- Efficiency Improvement: The new system increases testing capacity up to four times compared to the existing column system, reducing instrument downtime and optimizing workflows in clinical laboratories, thereby supporting broader product adoption and revenue growth.
- Automation Upgrade: The latest software update automates routine tasks, not only enhancing productivity but also lowering operational costs, further improving laboratory efficiency and profitability.
- Long-term Value Creation: CEO John Gillard stated that with higher testing capacity and automation, Trinity Biotech expects strong product adoption in key markets, driving long-term shareholder value enhancement.
See More
