Sonova-owned hearing company plummets on top and bottom lines – survives at the mercy of owner
Danish firm Advanced Bionics has had a smaller revenue and has generated a smaller income than the year before. Having lost last year's tender for implants, the company continues to struggle and now survives at the mercy of its owner, which has promised to support it for a year, starting at the time of the fiscal report in March.
Just like last year, the Danish subsidiary to Sonova-owned Advanced Bionics, has not been able to maintain the growth of previous years in the most recent fiscal year for selling Cochlear implants, which is the firm's focal point.
In Jyske Bank’s eyes, Genmab’s newest cancer candidate is almost certain to be approved, though the bank says stock increases in the past year have reduced the upside potential for the Danish biotech firm.
The US retail chain has stopped selling its own private label hearing aids – and until the next generation comes along, other hearing companies selling products via Costco are enjoying the empty shelf space.