middle.news

Compumedics Secures $3M Philips Deal to Expand Somfit Sleep Testing

7:03pm on Monday 2nd of June, 2025 AEST Medical Devices
Read Story

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
Read Story
middle.

Tap to Read

Tap the card to read the full analysis
about Compumedics (ASX:CMP)
OPEN ARTICLE