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Aroa chief bullish on future despite H1 loss

Aroa is putting its hopes in the success of its new Enivo tissue regeneration platform.

Aroa’s main market is in the US.

Key points
  • Revenue: $31.2m
  • Loss: $6.3m
  • Main takeaway: Aroa is forecasting a surge in revenue and profits in its second half as new products hit the market.

Aroa Biosurgery founder and chief executive Brian Ward believes the ASX-listed company is undervalued by the market and is forecasting a surge in second-half revenues of up to 40% as the company’s investment in new product starts to pay off.

Aroa, a regenerative medicine company founded in

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Lachlan Colquhoun Tue, 28 Nov 2023
Contact the Writer: lachlan@nbr.co.nz
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Key points
  • Revenue: $31.2m
  • Loss: $6.3m
  • Main takeaway: Aroa is forecasting a surge in revenue and profits in its second half as new products hit the market.
Company profile
Powered by: asx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Aroa chief bullish on future despite H1 loss
Australia,
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