CMP
At a quick glance looks it could improve its bottom line if you can be a bit patient ,
Business model in place with markets established for a product that is in demand .
P/E 7.7 140,000,000 shares on issue market cap $33mill
book value 24 cents.
comments please
________________________________________________
Revised Financial Results for 2001/2002
COMPUMEDICS LIMITED 2002-07-11 ASX-SIGNAL-G
HOMEX - Melbourne
+++++++++++++++++++++++++
The Board of Directors of medical diagnostics company, Compumedics
Ltd (ASX:CMP) announces that the company's financial results for the
financial year 2002 will be below the projections in its announcement
to the Australian Stock Exchange on April 29, 2002.
Based on preliminary financial results, the company expects to report
consolidated operating revenue for the year of approximately $20
million. While this result would represent a 20% increase on the
previous year, it is around 10% less than the range indicated in the
April announcement which was $22 to $24m. The lower than expected
revenue is expected to result in the company recording an operating
loss for the year compared to the April announcement where an
operating profit range of $2.4 to $3.4m was estimated. These
preliminary results are subject to final clarification and audit
completion.
The lower revenue for the year is predominantly a result of lower
than expected sales in the United States and European markets. The
decision taken during this year to sell directly into these markets
rather than through a distributor is now producing a greater rate of
penetration into these important markets that have yet to convert to
sales. The US market, the biggest in the world with 2400 specialist
sleep treatment centres, is continuing to grow at well over 10% per
annum.
Compumedics Executive Chairman, David Burton, said: "We know we have
the technology the market wants and we now have clearer and direct
access to the biggest markets in the world in the United States and
Europe. We are now starting to see our investment in infrastructure
within these vital markets bear fruit."
The recently acquired Neuroscan neurological instrument business has
performed to expectations and is likely to generate a small profit
for the period. The full integration of Neuroscan into the rest of
the Compumedics business is expected to deliver both technological
and operational (manufacturing and distribution) synergies to the
company.
Improving the productivity of all company operations is a key area of
focus for Compumedics. "We have world class technology and now the
sales organisational infrastructure to get our products to market
directly. We are committed to continuously improving the efficiency
of all of our operations." Mr Burton said.
Looking ahead, Mr Burton commented: "This year's result is
disappointing, but we have made the necessary changes in order to
drive the performance forward. The result this year does not alter
the fundamentals. We have technology and products for the high growth
sleep market. We have strengthened our position to penetrate that
market."
For further information:
Mr David Burton
CEO AND CHAIRMAN
Tel: + 61(0) 3 8413 7300
[email protected]
Mr David Lawson
CHIEF FINANCIAL OFFICER AND
COMPANY SECRETARY
Tel. + 61 (0) 3 8413 7300
[email protected]
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Last
27.0¢ |
Change
-0.018(6.09%) |
Mkt cap ! $47.83M |
Open | High | Low | Value | Volume |
29.0¢ | 29.0¢ | 27.0¢ | $12.47K | 44.21K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 15746 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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29.0¢ | 13824 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 15746 | 0.265 |
1 | 25000 | 0.260 |
2 | 5885 | 0.255 |
1 | 12765 | 0.235 |
2 | 5200 | 0.230 |
Price($) | Vol. | No. |
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0.290 | 13824 | 1 |
0.295 | 2500 | 1 |
0.300 | 5000 | 1 |
0.315 | 19000 | 1 |
0.320 | 6250 | 1 |
Last trade - 13.08pm 19/03/2024 (20 minute delay) ? |
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Last
27.0¢ |
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Change
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Open | High | Low | Volume | ||
28.0¢ | 28.0¢ | 27.0¢ | 9450 | ||
Last updated 13.08pm 19/03/2024 ? |
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