PolyNovo (ASX:PNV) achieves profit turnaround in FY24 with NPAT of AUD 5Mn.

Tue 24 Dec 24, 03:48 AM | Team Kalkine

Image source: Shutterstock

Highlights

PolyNovo Limited (ASX:PNV) is an ASX-listed medical device company that specialises in cutting-edge wound care technologies. It focuses on designing, developing, and manufacturing products like NovoSorb® BTM and NovoSorb® MTX. PNV has a market cap of AUD 1.42 billion.

In November 2024, the company recorded monthly sales of AUD 10.1 million, comprising sales of AUD 7 million from the US business and sales of AUD 3.1 million from the rest of the world. The period saw group revenue including BARDA of AUD 11 million.

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