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An announcement from Compumedics Limited ( (AU:CMP) ) is now available.
Compumedics Limited has received FDA clearance for its new single-use home sleep testing device, Somfit®D, which significantly expands its addressable market in the U.S. The device complements the existing reusable Somfit® platform, allowing Compumedics to offer a comprehensive EEG-based solution for both single-use and reusable markets. This strategic move positions the company to capture a substantial share of the U.S. home sleep testing market, estimated at US$240 million annually, and supports its recurring revenue growth model. With an established U.S. salesforce and existing relationships with diagnostic facilities, Compumedics is poised for immediate commercialization and aims for significant market penetration by FY27.
The most recent analyst rating on (AU:CMP) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Compumedics Limited stock, see the AU:CMP Stock Forecast page.
More about Compumedics Limited
Compumedics Limited is a global medical device company specializing in diagnostic technology for sleep, brain, and ultrasonic blood flow monitoring applications. Founded in 1987, the company has a significant international presence, including subsidiaries in the US and Germany, and has been recognized for its innovation and export achievements.
Average Trading Volume: 94,558
Technical Sentiment Signal: Sell
Current Market Cap: A$54.78M
Find detailed analytics on CMP stock on TipRanks’ Stock Analysis page.