Belluscura PLC (GB:BELL) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Belluscura PLC, a medical device company specializing in lightweight oxygen concentrators, has reported a significant revenue increase to $1.35 million in the first half of 2024, marking a 264% rise from the prior year. The company also noted a gross profit of $0.51 million, recovering from previous losses, and expects continued sales growth with the full launch of their new DISCOV-R™ device. Despite these positive developments, Belluscura faces a net loss of $6.5 million and an Adjusted EBITDA loss of $3.5 million, while maintaining a stable net cash position and pursuing additional funding to support anticipated demand.
For further insights into GB:BELL stock, check out TipRanks’ Stock Analysis page.