VTI visioneering technologies inc.

Misight vs Naturalvue, page-8

  1. 246 Posts.
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    Cooper Companies just released its 2023 Q3 results, and there is quite a lot of discussion of Misight, demonstrating how important the myopia market is seen to be by a large contact lens supplier.

    Revenue growth continues, but has slowed from the very fast pace of a year or so ago, and I have it now about 10% q-on-q:

    https://hotcopper.com.au/data/attachments/5557/5557831-b8c38796988a052c889dee7f468248b7.jpg

    Other points of interest are:
    • Increasing coverage by insurance companies in the US which obviously make the product more affordable for families
    • Slowing uptake in China, but doing well in the US and Europe
    https://hotcopper.com.au/data/attachments/5557/5557833-6518f8bf43a2e6b89e802f15a40449f6.jpg

    And a big investment it seems in further R&D - my guess likely to be a toric version. Would be good to know if the toric Naturalvue product is still under development as it allows about 30% of the population to be serviced that can't use standard contact lenses.

    https://hotcopper.com.au/data/attachments/5557/5557836-d30e006dc1de32a2eef173b26e72177a.jpg
    Our new CEO will no doubt have a lot of insight into how things are tracking with Misight.
 
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