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

9:09am on Wednesday 22nd of January, 2025 AEDT Medical Devices
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Compumedics Secures $3M Philips Deal to Expand Somfit Sleep Testing

9:09am on Wednesday 22nd of January, 2025 AEDT
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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