SomnoMed: Result 2014

Europe is sleeping a little more soundly this year thanks to a small Australian company called SomnoMed. We introduced the company with a positive recommendation in SomnoMed: A future mini-ResMed? on 5 Feb 14 (Speculative Buy - $1.33). The review laid out the big-picture for the business, which treats sleep apnoea through the manufacture of custom-made oral appliances (fancy mouthguards). The company’s recent full-year results showed that the case remains on track. Unit sales in Europe exploded by 41% while sales in the larger US market grew by 12%, though the rate was 18% in the second half and...

Europe is sleeping a little more soundly this year thanks to a small Australian company called SomnoMed. We introduced the company with a positive recommendation in SomnoMed: A future mini-ResMed? on 5 Feb 14 (Speculative Buy - $1.33). The review laid out the big-picture for the business, which treats sleep apnoea through the manufacture of custom-made oral appliances (fancy mouthguards). The company’s recent full-year results showed that the case remains on track.

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