Covalon Technologies Ltd V.COV

Alternate Symbol(s): CVALF

Healthcare Biotechnology

Covalon Technologies Ltd. is a Canada-based patient-driven medical device company that provides healthcare solutions for advanced wound care, infection control, and medical device coatings. The Company's solutions are designed for patients and made for care providers. The Company leverages its patented medical technology platforms and expertise in two ways: by developing products that are sold under Covalon's name, and by developing and commercializing medical products for other medical companies under development and license contracts. The Company has three proprietary platform technologies that have the potential to be developed into a number of medical devices and products: Collagen matrix, Antimicrobial silicone adhesive and Medical coatings. Its product type includes advanced wound care, antimicrobial dressings, collagen dressings, IV dressings, and perioperative dressings. Its brands include ColActive PLUS, CovaClear, CovaView, CovaWound, IV Clear, SurgiClear, and VALGuard.

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Covalon Technologies Ltd > Impressive looking financial results

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Post by bronkrdron Jan 29, 2024 1:33pm

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Impressive looking financial results

Revenue for the year ended September 30, 2023 increased 47% to $26.6M compared to $18.1M for the same period of the prior year. Product revenue for the year ended September 30, 2023 increased 46% to $23.9M compared to $16.4M for the same period of the prior year. Product revenue increased $7.5M over the prior year due substantially to increased customer demand for collagen dressings in the US market and silicone-based dressings internationally.

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