Nova Eye Medical (AU:EYE) has released an update.
Nova Eye Medical Limited reports a significant upswing in FY24 with group sales rising 35% to A$23.3 million, driven by a robust 71% surge in the US market. The company’s EBITDA loss improved by 33%, indicating a promising trend towards profitability, especially in its glaucoma segment. Additionally, the company anticipates further sales growth from proposed Medicare reimbursement rate increases for its products in the USA.
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