The
Atomo Diagnostics Ltd (ASX: AT1) share price has rocketed in opening trade today after the medical device company released its fourth-quarter results to the ASX.
At the time of writing, the Atomo share price is trading 9.30% higher at 23.5 cents apiece.
How did Atomo perform for the quarter?
The Atomo share price is soaring after the company reported a robust performance during the fourth quarter.
For the period ending 30 June, Atomo recorded cash receipts from customers of $717,000, bringing the full-year to $8.01 million. It’s worth noting that shortly after the close of Q4 FY21, a further $750,000 was received.
Sales represented a total of $6.7 million for the 2021 financial year, up by 25% when compared to FY20 ($5.4 million).
Aged care is a growing industry in Australia. Always compliance-heavy, the aged care sector is under increasing pressure due to the microscope placed on it during the COVID-19 crisis and the recent Aged Care Royal Commission. Changes over the next few years are extremely likely, as governments and leading players in th.
The Aged Care Royal Commission had laid down its findings. These should be the source of great shame for the Government. But also for Labor – who failed to prioritise the issue over the decades as well. It now falls to Labor Federal Opposition Leader Anthony Albanese to drop the small target, no new taxes policy and promise to fund comprehensive, needs-based Aged Care with ongoing and significant progressive tax reform. Labor could plan for incremental reform over a ten year timeframe, peaking at 5 per cent of GDP in new progressive taxation. But aiming for 1% to 1.5% of GDP in a first term.