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Highlights
Nova Eye Medical posts record FY25 revenue of AUD 28.8 million, aligned with guidance.
US sales rose 25% YoY, supported by ongoing adoption of iTrack™ Advance technology.
Q4FY25 delivered highest-ever quarterly sales of AUD 8.4 million.
Nova Eye Medical Limited (ASX:EYE) has reported record group revenue of AUD 28.8 million for the financial year ended 30 June 2025, marking a major milestone in its commercial performance. This represents a 21% year-on-year increase in constant currency and is consistent with the company’s prior guidance.
The growth was underpinned by demand for the company’s flagship glaucoma treatment device, iTrack™ Advance, particularly in the United States. Nova Eye’s US operations delivered sales of USD 14.2 million (AUD 22.2 million), marking a 25% increase compared to the previous corresponding period. This also marked the sixth consecutive half-year of growth in the US market.
Sales for the second half of FY25 reached AUD 15.7 million (USD 10 million), reflecting a 46% increase over the same period last year. Notably, Q4FY25 sales hit a record AUD 8.4 million (USD 5.4 million), the highest quarterly revenue in the company’s history.
Nova Eye Medical attributed this continued revenue growth to the accelerating adoption of its proprietary technologies. The iTrack™ Advance, a minimally invasive glaucoma surgical device, remains the key driver of growth across global markets. The device is designed to restore the eye’s natural outflow system and reduce intraocular pressure, thereby minimising or eliminating the need for anti-glaucoma medications in patients with mild to moderate glaucoma.
In addition to iTrack™ Advance, Nova Eye’s Molteno3® glaucoma drainage device platform continues to support surgical outcomes in severe cases, offering long-term intraocular pressure control through a simplified surgical procedure.
The company noted that momentum in sales has continued to build into FY26, and it expects further revenue growth in the upcoming financial year.
An investor webinar will be hosted by Managing Director Tom Spurling on Wednesday, 9 July 2025 at 11:30 am AEST, where he will provide further insights into the FY25 results and business outlook. Participants can register online and submit questions in advance or during the live Q&A session.
Nova Eye Medical also confirmed it will release its Quarterly Activities Report and Appendix 4C in the final week of July, followed by its audited financial results in late August 2025.
Based in Kent Town, South Australia, with manufacturing facilities in Fremont, California and Dunedin, New Zealand, Nova Eye Medical operates a global distribution network. The company’s sales headquarters are located in Fremont, California.
On the back of the results announcement, Nova Eye’s share price rose 8% to 13.5 cents per share on 8 July 2025.






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