Nova Eye Medical Reports Revenue Growth and Lower Losses

Nova Eye Medical (AU:EYE) has released an update.

Nova Eye Medical Limited reported a significant increase in revenues up by 37% to $A 23,325 for the fiscal year ended 30 June 2024, but also a notable decrease in losses, with a 48% reduction in net loss before tax to $A 8,790. Despite the increased revenues, the company did not declare any dividends for the period and reported a slight decrease in net tangible asset backing per security from 4.4 cents to 4.3 cents.

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