EYE 6.06% 15.5¢ nova eye medical limited

Ann: Full Year Financial Results, page-30

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  1. 1,503 Posts.
    lightbulb Created with Sketch. 839
    A fairly neutral result IMHO.. EBITDA loss for H2 is the most encouraging data point here, given markets are forward looking this does provide a foundation for a solid half this year.

    The company is annoyingly tight-lipped when it comes to remarking on anything forward looking.

    They have also confirmed that sales last month were materially higher YoY:

    https://hotcopper.com.au/data/attachments/6408/6408501-d677cfc32f21d6819e06c3c52e60182e.jpg

    The company did mention they expect a material improvement in sales from the increased reimbursement:

    https://hotcopper.com.au/data/attachments/6408/6408506-fce53eaf7f9cbbc7d4f58d7c47ed67e4.jpg

    With all of this, combined with improving gross margins, pathway to profitability seems set in stone however likely another CR to get us there
 
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