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An announcement from Aroa Biosurgery Ltd ( (AU:ARX) ) is now available.
Aroa Biosurgery reported a successful fiscal year with a 23% growth in business, increased margins, and efficient cash management, alongside three consecutive quarters of positive cash flow. The company anticipates continued growth despite new US tariffs, leveraging expanding sales in Europe and other markets. Clinical studies have reinforced the efficacy of AROA ECM products, emphasizing their value in reducing hospital stays and improving patient outcomes. Product development included enhancements to the Ovitex range and the ongoing commercialization of Enivo technology, aimed at addressing unmet clinical needs. TELA Bio remains a strategic partner, contributing to Aroa’s cash flow and market presence, although market sentiment towards TELA Bio has been mixed.
The most recent analyst rating on (AU:ARX) stock is a Buy with a A$0.90 price target. To see the full list of analyst forecasts on Aroa Biosurgery Ltd stock, see the AU:ARX Stock Forecast page.
More about Aroa Biosurgery Ltd
Aroa Biosurgery is a soft-tissue regeneration company based in Auckland, New Zealand, specializing in the development, manufacturing, and distribution of medical and surgical products aimed at improving healing in complex wounds and soft tissue reconstruction. Utilizing a proprietary AROA ECM technology platform derived from ovine forestomach, the company has seen its products used globally in over 7 million procedures, with a significant market presence in the United States through direct sales and partnerships with TELA Bio, Inc.
Average Trading Volume: 241,805
Technical Sentiment Signal: Buy
Current Market Cap: A$215.6M
See more insights into ARX stock on TipRanks’ Stock Analysis page.