Something to ponder for those who intend to hold EMV long...

Something to ponder for those who intend to hold EMV long term.

Cochlear (COH) sold 24,000 units last year for revenue of $1.3 billion. Market cap $21 billion

I would argue strongly that EMV's addressable market for EMU and the ambulance/air gen 2 will be much larger than COH's addressable market.

Stroke is a far bigger market than ear implants. No comparison.

When EMV sells 6,500 units a year at AUD$200,000 per unit we are then at the same revenue as COH.

Long term I expect more than 6,500 units a year PLUS all the accessory revenue associated with those units.