MicroPort Scientific (HK:0853) has released an update.
MicroPort Scientific anticipates a significant reduction in its net loss for the first half of 2024, with estimates between $105 million to $125 million, a 43% to 52% decrease compared to the previous year. This improvement is credited to increased market share, new product revenues, and enhanced operational efficiency, including a 38% to 40% reduction in R&D expenses. The company’s strategic focus on core businesses and the disposal of non-core segments further contribute to its positive financial outlook.
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