Creo Medical (GB:CREO) has released an update.
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Creo Medical Group PLC reports stable operating costs and a 78% increase in core technology sales to £1.6m for the first half of 2024, driven by the adoption of their Speedboat UltraSlim device and expansion in training centers. Despite a slight dip in total revenue to £15.2m and a larger EBITDA loss of £10.5m, the company has announced a strategic partnership with Micro-Tech and a conditional placing to mitigate sales completion risks. Creo’s innovative medical devices continue to make headway in robotic surgery and endoscopic procedures, promising growth and expansion in the upcoming months.
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