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Hydrix Delivers Consecutive Profits Amid $40m Sales Pipeline Surge
9:32am on Tuesday 28th of January, 2025 AEDT
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Healthcare
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Hydrix Delivers Consecutive Profits Amid $40m Sales Pipeline Surge
9:32am on Tuesday 28th of January, 2025 AEDT
Key Points
Consecutive profitable quarters with $0.24m cash operating profit in 2QFY25
1HFY25 revenues slightly down 6.7% to $5.6m but contract sales orders up 84%
Strong $40m anticipated sales from future program stages across 15 clients
Majority of recent sales (89%) from cardiac and medtech clients, focused in Europe and USA
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