Acusensus grows revenue 40% but swings to deeper half-year loss on legal settlement
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Acusensus Ltd reported a 40% increase in half-year revenue to $40.3 million, driven by new contracts and growth in the U.S. market. However, the company faced a net loss of $20.8 million due to high operating costs and a $16 million legal settlement. Despite the loss, net tangible assets per share rose to $0.33, and no dividend was declared. Analysts rate the stock as a Buy with a price target of A$2.30, reflecting confidence in the company's growth strategy despite near-term margin pressures.
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