PolyNovo Limited
ABN 96 083 866 862
2/320 Lorimer Street
Port Melbourne
VIC Australia 3207
P +61 (0) 3 8681 4050
F +61 (0) 3 8681 409923 February 2023
ASX Announcement
Half Year Results (audited) for 1H FY23
PolyNovo’s ASX release on 16 January 2023 pointed to record sales growth of
67.5%. The half year audited results attached to this release show:
• Record 1H FY23 sales of A$27.3m up 67.5% on STLY of A$16.3m
• Total revenue including BARDA of A$29.5m up 62.2% on STLY of A$18.2m
• Strong growth in U.S. achieving 1H FY23 record sales of A$22.8m up 61.0% vs. STLY of A$14.1m
• ROW sales of A$4.5m up by 110.1% vs. STLY A$2.1m including new sales in Hong Kong and
Canada.
• The Group recorded a net loss after tax of A$3.8m (1H FY22: A$1.6m profit). The profit in 1H FY22
included the reversal of A$4.7m in share awards and share options expense forfeited by the
previous CEO and COO on their resignations and an unrealised forex gain of A$0.4m. Excluding
these items results in an underlying loss of A$2.5m for the prior period.
During the Period, the Company’s other key initiatives and achievements include:
• A $53,000,000 capital raising
• First $5 million BTM sales month in September (Sep 2022: $5,402,454) recurring in October
($5,263,100) and December ($5,306,540)
• Appointment of CEO Swami Raote
• Received FDA 510(k) clearance for NovoSorb MTX
• Entered Hong Kong, India, and Canada markets in December
• Leased the adjacent property in Port Melbourne to significantly increase manufacturing capacity
• Commenced SynPath Diabetic Foot Ulcer Clinical Trial
• Awarded Victorian Government grant for manufacturing Diabetic Foot Ulcer product (SynPath)
• Increasing sales teams and customer base globally
• Produced for 1H FY23 the equivalent of 74% of the total devices produced in FY22
This announcement has been authorised by PolyNovo Company Secretary Jan-Marcel Gielen
- Forums
- ASX - By Stock
- Ann: 1H FY23 Results Presentation
PolyNovo Limited ABN 96 083 866 862 2/320 Lorimer Street Port...
-
- There are more pages in this discussion • 124 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PNV (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.57 |
Change
0.015(0.59%) |
Mkt cap ! $1.763B |
Open | High | Low | Value | Volume |
$2.53 | $2.57 | $2.46 | $1.599M | 633.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 23388 | $2.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.57 | 24839 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
39 | 22882 | 2.560 |
24 | 24998 | 2.550 |
14 | 31166 | 2.540 |
15 | 33503 | 2.530 |
14 | 175449 | 2.520 |
Price($) | Vol. | No. |
---|---|---|
2.570 | 24803 | 10 |
2.580 | 39741 | 13 |
2.590 | 48989 | 12 |
2.600 | 164683 | 12 |
2.610 | 6497 | 4 |
Last trade - 12.18pm 21/08/2024 (20 minute delay) ? |
Featured News
PNV (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online