Pro Medicus reported another strong set of results. It continues to trade at a lofty valuation. https://t.co/1unXmU3hoM
I was impressed with co founder of @Pro_Medicus Sam Hupert when I first met him 26 years ago. One of my biggest investment mistakes was to sell $PME 25 years ago. Today one of our PMs Tobias Yao commented $PME continues to report metrics that “put them right at the top of listed… https://t.co/2jXdnyIYDW
Medical imaging software company Pro Medicus Limited (ASX: $PME) posted a higher-than-expected FY24 earnings yesterday. Speaking to The @FinancialReview about the results, small to mid-cap Portfolio Manager Tobias Yao said that the company’s technological market advantage is only…

Pro Medicus Limited, a medical imaging software company listed on the ASX under the ticker $PME, reported strong financial results for the fiscal year 2024. The company achieved a revenue of $166 million, marking a 31% increase from the previous year. Revenue from customers also rose by 29% to $162 million. The gross profit was $166 million with a 100% margin, up by 25 basis points. Earnings before interest and taxes (EBIT) reached $116 million, reflecting a 35% increase with a 70% margin, up by 240 basis points. Net income stood at $83 million, a 37% increase, with a 50% margin, up by 215 basis points. Operating cash flow was $82 million, up by 31% with a 49% margin, and free cash flow was $75 million, up by 34%. The company's technological market advantage continues to be a significant factor in its performance, according to Portfolio Manager Tobias Yao. Pro Medicus is noted for its high valuation in the market.