SomnoMed’s record quarter

Strong performances in the US and Europe have underpinned a record quarter for this maker of mandibular splints – and it looks like there's more to come.

SomnoMed’s share price has increased 114% since we upgraded the company in SomnoMed: A future mini-ResMed? on 5 Feb 14 (Speculative Buy – $1.33) and made the case for why substantial growth lay ahead. With revenue for the six months to 31 December increasing 18% to $14.8m, that investment case remains on track.

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