PolyNovo: Achieves record sales in September quarter

PolyNovo Achieves record sales in September quarter

  • PolyNovo (PNV) reports a 73.3 per cent year-on-year increase in unaudited sales to $12.5 million for the September quarter
  • The company reported unaudited total sales of $12.5 million for the September quarter — a 73.3 per cent increase compared to the same time last year
  • In addition to this increase, the medical device company also recorded its highest-ever monthly sales result of $5.4 million for the month of September
  • CEO Swami Raote says the growth reflects the consistent outcomes and better patient experiences from the company’s NovoSorb BTM product, which helps regenerate skin after burns or surgery
  • PNV shares are up 19.5 per cent to trade at $1.75 at 3:13 pm AEDT
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Nubank Secures Conditional Approval for U.S. National Bank License

Brazilian fintech aims to expand services in the American market.Highlights: Nubank receives conditional approval for U.S. banking license.The...

Nationwide Strengthens Lead in UK Current Account Switching Table

Nationwide sees continued success in attracting new customers through account switching.Highlights: Nationwide tops the UK current account switching...

Banks Reduce Reliance on OpenAI Amid Regulatory Concerns

Financial institutions shift focus as AI scrutiny increases.Highlights: Banks are decreasing dependency on OpenAI as regulations tighten.Regulatory scrutiny...

Crypto Network Mesh Hits Unicorn Status as Valuation Soars

The rapidly growing crypto network achieves a billion-dollar valuation milestone.Highlights: Crypto network Mesh achieved unicorn status after recent...