SomnoMed hits patient milestone

The share price of SomnoMed jumped more than 4% yesterday after announcing its mouthguards to treat sleep apnoea are now being used by more than 200,000 patients. Some 50,000 were fitted over the past 12 months – double what the company sold just three years ago. This follows an excellent full-year result where revenue rose 40% to $26m thanks to strong sales in Europe. The company now operates in 26 countries and has a distribution network of more than 4,000 dentists. In an accompanying presentation, management noted that a significant driver of the company’s rapid growth has been higher levels...

The share price of SomnoMed jumped more than 4% yesterday after announcing its mouthguards to treat sleep apnoea are now being used by more than 200,000 patients. Some 50,000 were fitted over the past 12 months – double what the company sold just three years ago.

This follows an excellent full-year result where revenue rose 40% to $26m thanks to strong sales in Europe. The company now operates in 26 countries and has a distribution network of more than 4,000 dentists.

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