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Control Bionics Ltd. ( (AU:CBL) ) just unveiled an update.
Control Bionics Limited reported a strong first quarter for FY26, with a significant increase in revenue and cash receipts. The company is advancing its distribution strategy for the NeuroNode and expanding its reimbursement coverage in the US, covering over 70% of the population. The NeuroStrip is gaining traction in sports performance and rehabilitation sectors in the US and Australia, with manufacturing scaling up to meet demand. The company also successfully raised capital and received an R&D tax refund, positioning itself for further growth and expansion.
More about Control Bionics Ltd.
Control Bionics Limited is a company operating in the assistive technology industry, focusing on developing and distributing innovative devices such as the NeuroNode and NeuroStrip. These products are designed to aid in communication and rehabilitation, with a market focus on the United States, Australia, and Japan.
Average Trading Volume: 213,774
Technical Sentiment Signal: Sell
Current Market Cap: A$12.02M
Learn more about CBL stock on TipRanks’ Stock Analysis page.