Nova Eye Medical’s Impressive Sales Growth

Nova Eye Medical (AU:EYE) has released an update.

Nova Eye Medical Limited reported a surge in FY24 glaucoma segment sales, with a notable 37% increase to US$15.3 million and a remarkable 73% growth in the US market to US$11.4 million. This upswing marks the fourth consecutive half-year of revenue growth in the US, supported by the strategic recruitment of additional sales specialists and robust investments in marketing programs. A material improvement in the glaucoma segment’s operating results is anticipated for the second half of FY24, following this positive trend.

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