News: SOM Somnomed Says Technology Development Expenditure Is Expected To Decline Over FY24

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    Nov 24 (Reuters) - Somnomed Ltd (SOM) :

    • TECHNOLOGY DEVELOPMENT EXPENDITURE IS EXPECTED TO DECLINE OVER FY24
    • CONFIDENT IN ABILITY TO DELIVER PROVIDED GUIDANCE OF REVENUE GROWTH OF AT LEAST 12% AND EBITDA OF AT LEAST A$3 MILLION IN FY24
    • REMAINS OPTIMISTIC ABOUT ITS CORE TRADING ACTIVITY LEVELS AND OUTLOOK FOR COMMERCIALISATION OF REST ASSURE IN FY24
    • FY24 CAPEX INVESTMENT GUIDANCE OF A$5 MILLION
 
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