PolyNovo Reports First Two Million Dollar Month

PolyNovo Limited (ASX: PNV) has reported a pick-up in sales, due to which December 2019 was the first two-million-dollar month for the company .

Main Highlights

  • Unaudited revenue from NovoSorb BTM sales achieved the $2 million mark, compared with $890k in previous corresponding period;
  • Unaudited half-year revenues from NovoSorb BTM were $8.57 million against $3.75 million in the previous corresponding period;

The company has also advised that the sales will continue to be lumpy as new sales staff are added and new territories opened up and because of natural disasters such as fires and volcanoes.

By 12:51 PM AEDT, PNV was trading at $1.94, up by 6.88 per cent from the previous close.

 

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