This announcement below could be why they missed the revenue targets in the last 4C.
Money hasn't Rolled in as quickly as expected???
Very possible.
ADMEDUS ENTERS INTO AGREEMENT WITH GROUP PURCHASING ORGANISATION
Admedus Limited (ASX:AHZ) announces that its US subsidiary, Admedus Corporation, has entered into a ‘Purchasing Agreement - Cardiovascular Surgery, Vascular Repair’ with a major Group Purchasing Organisation (GPO) in the United States. The three-year agreement takes effect from 1 April 2018 and will give Admedus direct access to promote the flagship ADAPT® tissue products, CardioCel® and VascuCel®, to more than 1500 hospitals who are members of the GPO’s purchasing network which has an estimated purchasing power of $US35B.
Admedus is one of two parties awarded a purchasing agreement to share the estimated $US5.2M per annum spend. This agreement demonstrates the increasing visibility and credibility of Admedus’ clinically-superior ADAPT® products.
This announcement below could be why they missed the revenue...
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