OM:PAXMedical Equipment
Paxman (OM:PAX) Profit Turn Sharpens Focus On Reimbursement Growth
Paxman stock closed at SEK55.0 on 21 August, capping a strong run over the past month. Yet the real story sits in the earnings rather than the chart. Q2 group revenue reached about SEK107.6m and the company reported a profit of SEK2.6m of net income from ongoing operations. That shift from loss making into the black is the single number long term holders will care about.
Short term traders are reacting to momentum. Longer term investors are now asking whether this first profitable quarter can...