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Control Bionics Ltd. ( (AU:CBL) ) has shared an announcement.
Control Bionics Limited reported a record year with a 15% increase in sales revenue, driven by strong growth in the US due to the adoption of the HCPCS code and successful distribution strategies. The company is advancing its NeuroNode and NeuroStrip technologies across multiple markets, with significant interest from distributors in the US and Europe. The Australian market also showed a 20% revenue increase, and strategic partnerships are being pursued to enhance distribution. The company’s focus on innovation and strategic market expansion is positioning it for continued growth.
More about Control Bionics Ltd.
Control Bionics Limited operates in the assistive technology industry, focusing on developing and distributing innovative communication and control devices for individuals with disabilities. Their primary products include NeuroNode and NeuroStrip, which are designed to improve communication and mobility for users. The company is actively expanding its market presence in the US, UK, Australia, Japan, and Europe.
Average Trading Volume: 165,958
Technical Sentiment Signal: Sell
Current Market Cap: A$11.78M
See more data about CBL stock on TipRanks’ Stock Analysis page.