AVR 2.04% $12.00 anteris technologies ltd

Ann: FDA Clearance Granted for VascuCel-AHZ.AX, page-313

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    Analysis
    The launch of VascuCel will provide Admedus with another avenue to generate sales revenue.
    With the recent $18.3 million capital raising complete, Admedus is in a strong financial position to drive growth and sales this financial year.
    The restructure that occurred in June shows that Admedus is committed to reduce costs and focus on near-term revenue growth to create a clear path to being a sustainable, profitable, global healthcare company.
    Admedus recently achieved on target sales growth, with first quarter revenue being the strongest in the history of the company.
    The stock is trading at around A$0.325, which represents a large discount to its broker price targets of A$1.48, A$1.95 and A$2.00.
 
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