SomnoMed Observed Positive trends for Q4 in amid COVID-19

  • Jul 22, 2020 AEST
  • Team Kalkine

SomnoMed Limited (ASX:SOM) stated that since the trading update in early June, the company has witnessed the sales trend continue on a positive track to wrap up the year better than its anticipations.

The company revealed that the group revenue for Q4 is reported to be A$8.5 million dwindled by 46% on the same period last year.

Total unaudited group revenues for FY20 are nearly A$57.3 million, only slightly behind the A$58.8 million posted in the previous year.

SomnoMed had a cash balance of A$30 million as of 30 June 2020 and generated A$700,000 operating cash during the quarter.


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