Baird Medical Announces Preliminary H1 Revenue Results Of $13.1M, Up 13.8% YoY
Portfolio Pulse from Benzinga Newsdesk
Baird Medical Investment Holdings Ltd. (NASDAQ:BDMD) reported a 13.8% increase in H1 2024 revenues to $13.1M and an 85.8% rise in net income to $4.4M. The company, a leading microwave ablation device provider, has expanded into the U.S. market.
October 11, 2024 | 12:03 pm
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Baird Medical reported strong financial results for H1 2024, with a 13.8% increase in revenue and an 85.8% rise in net income. The company's expansion into the U.S. market is likely contributing to this growth.
The significant increase in both revenue and net income indicates strong business performance. The expansion into the U.S. market, a large and competitive market, suggests potential for further growth. These factors are likely to positively impact BDMD's stock price in the short term.
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