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Nova Eye Medical Raises A$6.6M to Accelerate Growth Amid Supply Chain Recovery
10:22am on Friday 31st of January, 2025 AEDT
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Healthcare
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Nova Eye Medical Raises A$6.6M to Accelerate Growth Amid Supply Chain Recovery
10:22am on Friday 31st of January, 2025 AEDT
Key Points
A$6.6 million capital raise via a two-tranche placement at A$0.12 per share
Strong 39% global sales growth driven by US market and iTrack™ Advance device
Glaucoma division trending to profitability in second half of FY25
Supply chain issues in Q1 FY25 resolved, enabling robust Q2 sales recovery
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Nova Eye Medical (ASX:EYE)
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