Australia's largest stock trading and investment forum Australia's #1 stock forum

EYE

Click for more information

3.70%

26.0¢ nova eye medical limited

WOM spreads quickly within an industry when someone comes out...

First 77 Last

Share
Profile

Follow
Tony999

5,985 Posts.

80

13/02/24

19:47

Post #: 72389277
Share

Originally posted by TheAnalyst007: ↑

I definitely don't think this raise is out of desperation for cash. I'm quite confident they could have been profitable from the start, but they're clearly after the growth as they see that as best for shareholders in the longer run (even if it causes a bit of short term pain). It clearly does make sense to expand the sales team as the ROI per sales rep is enormous.

I definitely find it impressive what they've managed to do with only 6 sales reps so far. Other MIGS companies have armies of sales reps yet here EYE currently is with only 6 yet they still have generated significant growth in the USA. That indicates to me they're either really good at marketing or iTrack Advance is indeed so great that it sells itself (or both). I'm quite keen to see what they can do once they have their very own sales rep army

Expand

WOM spreads quickly within an industry when someone comes out with a new product, especially if the product is a game changer.

Certain products sell themselves.
Hopefully iTrack Advance is one of those products.

EYE Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 7 more messages in this thread...

First 77 Last

Add EYE (ASX) to my watchlist

(20min delay)
Last 26.0¢		Change -0.010(3.70%)		Mkt cap ! $59.48M

Open	High	Low	Value	Volume
27.0¢	27.0¢	26.0¢	$81.28K	305.7K

Buyers (Bids)

No.	Vol.	Price($)
6	114644	25.5¢

Sellers (Offers)

Price($)	Vol.	No.
26.0¢	62000	2

View Market Depth

No.	Vol.	Price($)
6	114644	0.255
8	292587	0.250
1	81632	0.245
4	63332	0.240
1	100000	0.225

Price($)	Vol.	No.
0.260	62000	2
0.265	200000	2
0.270	581179	4
0.275	56250	2
0.280	200000	3

Last trade - 13.41pm 06/05/2024 (20 minute delay)


Last 26.0¢			Change -0.010 ( 1.89 %)
Open	High		Low	Volume
27.0¢	27.0¢		26.0¢	183355
Last updated 13.41pm 06/05/2024 ?

EYE (ASX) Chart

SPONSORED BY