The result of the half-yearly result is OK and expected.
In terms of segment profitability(EBITDA), USA division has picked up with $1.5m, while Australia/Asia is breaking even with Europe losing $0.4m.
Based on profitability analysis, CMP has a good gross margin for its product at about 55%, but its fixed cost is too high, with the cost of admin, marketing/sales and R&D taking up to 17%, 22% and 15% of the revenue.This cost structure is similar in many small-medium business, where economy of scale is yet to be achieved. If CMP can continue to grow its revenue, its profit growth will be substantial.
I believe the introduction of low-cost/low-end products is a good way to grow revenue by gaining market share more quickly and realize some benefits from economy of scale in the next 2-4 years.
But, the long-term revenue growth depends significantly on eHealth (Somfit/Nexsus) and MEG, not so much on its organic growth (which remain a bit uncertain at the moment).
On positive notes, "Somfit asset....with first commercial transaction expected in H1, FY19". I think Somfit will be in the market by the end of this year.
As usual, I believe it is better for CMP to sell off its DWL and focus on its sleep/neuro core business, MEG and ehealth.
- Forums
- ASX - By Stock
- CMP
- Ann: Business Update H1 FY18
CMP
compumedics limited
Add to My Watchlist
5.08%
!
31.0¢

Ann: Business Update H1 FY18, page-2
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
31.0¢ |
Change
0.015(5.08%) |
Mkt cap ! $55.74M |
Open | High | Low | Value | Volume |
31.0¢ | 31.5¢ | 29.0¢ | $102.5K | 334.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 77748 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 36200 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3437 | 0.305 |
1 | 15840 | 0.300 |
1 | 38920 | 0.290 |
4 | 24559 | 0.285 |
1 | 8300 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 40217 | 2 |
0.315 | 10114 | 2 |
0.320 | 117 | 1 |
0.325 | 2000 | 1 |
0.330 | 36250 | 3 |
Last trade - 11.31am 28/07/2025 (20 minute delay) ? |
Featured News
CMP (ASX) Chart |
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online