SomnoMed Limited Announces Sales Results for the Month, Second Quarter and Six Months of December 2013; Provides Revenue Guidance for the Fiscal Year 2014
For the quarter, the company reported 11,146 MAS units were sold in a quarter, 23.6% more than in the same quarter in the previous year. During the quarter APAC unit sales grew by 13% and Europe by an impressive 52% compared to the same quarter in the previous year. After a slow start to the quarter, US sales picked up well in the months of November 23% and December 31%, allowing it to book a quarterly increase in sales of 10%. SomnoMed generated revenues of $6.89 million during second quarter, 41.4% more than in the same quarter in the previous year.
For the six months, the company reported revenues of $12.55 million, up by 39.1%.
The company expects revenue guidance of $23 million for the fiscal year 2014.