
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.
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…