Medical Developments International Limited (AU:MVP) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Medical Developments International Limited reported a significant improvement in financial performance for FY24, with a $6.6 million increase in underlying EBIT and a $10.2 million surge in free cashflow. Despite a net loss, the company saw Penthrox market growth, especially in Australian hospitals and Europe, and anticipates positive operating cashflow by FY25 end. The company also completed a $10 million capital raise to fuel further growth.
For further insights into AU:MVP stock, check out TipRanks’ Stock Analysis page.
