PolyNovo Keeps Bull After FY Revenue Beat -- Market Talk0124 GMT - PolyNovo keeps its bull at Macquarie after the skin-healing tech developerbeat fiscal 2024 revenue expectations. The investment bank's analysts tell clients in anote that the Australia-listed company's A$104.8 million annual revenue was about 1%stronger than they had anticipated, and about 2% higher than the average analystforecast. They think that fiscal 2024 will turn out to be PolyNovo's first profitableyear, and are looking for an underlying net profit of A$3.7 million. Looking furtherahead, they maintain their forecast of 48% fiscal 2025 sales growth and see recentlylaunched regions including India to grow as a proportion of total sales. Macquarie keepsa A$2.75 target price on the stock, which is up 2.5% at A$2.665.
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1 | 2767 | 2.430 |
6 | 25192 | 2.420 |
9 | 45182 | 2.410 |
5 | 17290 | 2.400 |
Price($) | Vol. | No. |
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2.460 | 499 | 1 |
2.470 | 24852 | 4 |
2.480 | 15296 | 2 |
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