Belluscura PLC (GB:BELL) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
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.
