Compumedics Limited (AU:CMP) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Compumedics Limited projects a record-breaking year with over $50 million in sales orders and at least $46 million in revenue for FY24, driven by robust sales in Australian sleep and neurodiagnostic sectors and significant growth in European markets. The company is also making headway in the U.S. with a 60% increase in sales orders and FDA approval for their Somfit product, while their MEG technology secures $14 million in new orders from China. Despite these successes, Compumedics may fall short of their $5 million EBITDA target due to ongoing investments and slower-than-expected resumption of China business.
For further insights into AU:CMP stock, check out TipRanks’ Stock Analysis page.