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Nova Eye Medical Q1 sales rise 30% to $6.3M, confirms FY27 revenue guidance of $26M-$31M

Company Fundamentals
02 Nov 2026, 08:58 WIB
Seeking Alpha
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Bullish
Nova Eye Medical Q1 sales rise 30% to $6.3M, confirms FY27 revenue guidance of $26M-$31M

Nova Eye Medical reported a 30% increase in Q1 2027 sales to $6.3 million compared to the same quarter last year, with trailing 12-month sales exceeding $25.1 million. The company generated positive operating cash flow of $0.5 million and positive EBITDA, meeting its financial guidance. It confirmed its full-year 2027 revenue forecast between $26 million and $31 million. The company focuses on ophthalmology devices for glaucoma treatment, a leading cause of blindness, and is currently in a growth phase with active sales rather than trials.

Nova Eye Medical Limited's Q1 2027 earnings call transcript is the subject, with Pluang market data providing context as of Nov 02, 2026 14:11 WIB: Among 150 priced health-sector US stocks tradable on Pluang, 80 rose and 66 fell today. Notable movers include RMD (ResMed Inc.) at USD 233.82 with a -6.54% change, RLAY (Relay Therapeutics Inc.) at USD 18.41 down 6.50%, and MEDP (Medpace Holdings Inc) at USD 652.01 down 5.87%.

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