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Nova Eye Medical Raises A$6.6M to Accelerate Growth Amid Supply Chain Recovery

6:17pm on Sunday 1st of June, 2025 AEST Healthcare
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Nova Eye Medical Raises A$6.6M to Accelerate Growth Amid Supply Chain Recovery

6:17pm on Sunday 1st of June, 2025 AEST
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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