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Compumedics Secures $3M Philips Deal to Expand Somfit Sleep Testing
7:03pm on Monday 2nd of June, 2025 AEST
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Medical Devices
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Compumedics Secures $3M Philips Deal to Expand Somfit Sleep Testing
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Five-year contract with Philips Australia for Somfit device
Contract supports approximately $3 million in SaaS revenues through 2028
FY24 SaaS revenue surged to $4.2 million, up from $1.7 million in FY23
USA Somfit sales growing from zero to $1 million USD in 12 months
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