{"id":3199,"date":"2019-05-28T12:53:53","date_gmt":"2019-05-28T02:23:53","guid":{"rendered":"https:\/\/strawman.com\/blog\/?p=3199"},"modified":"2019-05-29T11:47:20","modified_gmt":"2019-05-29T01:17:20","slug":"strong-sales-growth-for-polynovo-asxpnv-underpins-share-price-gains","status":"publish","type":"post","link":"https:\/\/strawman.com\/blog\/strong-sales-growth-for-polynovo-asxpnv-underpins-share-price-gains\/","title":{"rendered":"Strong sales growth for Polynovo (ASX:PNV) underpins share price gains"},"content":{"rendered":"\n<p>Shares in med-tech developer <strong>Polynovo<\/strong> (ASX:PNV) have doubled in the past year, driven by surging sales in its patented Novosorb product. More recently, the company revealed its first &#8220;million dollar month&#8221;, with sales for April ostensibly bringing the business to break-even on a monthly basis.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>What does the business do?<\/strong><\/p>\n\n\n\n<p>Following a business restructure in 2014, Polynovo is focused on developing its tissue scaffold technology &#8220;NovoSorb&#8221;. The Biodegradable Temporising Matrix, or BTM for short, is applied to a wound to act as a scaffold to aid in the regrowth of dermal tissue (the tissue under your skin) and blood vessels, then degrades over time. <\/p>\n\n\n\n<p>With existing sales in Australia and New Zealand alone at more than $1m year to date, Polynova is focused on direct penetration in the US, and expect regulatory approval in the European Union in the near future.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Should you buy?<\/strong><\/p>\n\n\n\n<p>Medical technology companies tend to represent above average risk for investors. It generally takes years of research to sufficiently develop products, and then years more to successfully commercialise. Meanwhile, these companies can soak up big amounts of shareholder funds. Even if they do bring something viable to market, they tend to face very tough competition.<\/p>\n\n\n\n<p>Nevertheless, those that succeed can yield huge returns for investors.<\/p>\n\n\n\n<p>Polynova already has a demonstrated product, which looks to be getting real traction and is growing sales strongly. Indeed, first half sales were 330% above that of the previous corresponding period, and the company should be cash flow positive in 2-3 years if it can sustain its sales growth. It&#8217;s also encouraging to see various insiders of the business buying shares recently.<\/p>\n\n\n\n<p>Polynovo has recently been climbing the Strawman rankings, and shares remain below the community&#8217;s consensus valuation. Click the button below to see the full report&#8230;<\/p>\n\n\n\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-background has-secondary-background-color\" href=\"https:\/\/strawman.com\/member\/company\/forecasts\/PNV\">Click here for latest Polynovo share price &amp; research<br><\/a><\/div>\n\n\n\n<p class=\"has-text-color has-background has-very-dark-gray-color has-very-light-gray-background-color\"><em>Strawman is Australia&#8217;s premier online investment club. Join for free to access independent &amp; actionable recommendations from proven private investors.<\/em><br><\/p>\n\n\n\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-text-color has-very-light-gray-color has-background has-tertiary-background-color\" href=\"https:\/\/strawman.com\/member\/landing\/signup\">Register for free ASX recommendations<\/a><\/div>\n\n\n\n<p><em><strong>Disclaimer\u2013<\/strong> The author may hold positions in the stocks mentioned in this publication, at the time of writing. The information contained in the publication and the links shared are general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. For errors that warrant correction please contact the editor at admin@strawman.com.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"text-align:center\" class=\"has-text-color has-cyan-bluish-gray-color\">This Service provides general financial advice only, and has not taken your personal circumstances into account. Strawman Pty Ltd operates under AFSL 501223 . For more information please see our <a href=\"https:\/\/strawman.com\/member\/landing\/terms\">Terms of use<\/a>. Please remember that share market investments can go up and down and that past performance is not necessarily indicative of future returns. Strawman Pty Ltd does not guarantee the performance of, or returns on any investment.<\/p>\n\n\n\n<p style=\"text-align:center\" class=\"has-text-color has-cyan-bluish-gray-color\">\u00a9 2019 Strawman Pty Ltd. All rights reserved.<\/p>\n\n\n\n<p style=\"text-align:center\">| <a href=\"https:\/\/strawman.com\/member\/landing\/privacy\">Privacy Policy<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/strawman.com\/member\/landing\/terms\">Terms of Service<\/a> | <a href=\"https:\/\/strawman.com\/member\/landing\/fsg\">Financial Services Guide<\/a> | <\/p>\n\n\n\n<p style=\"text-align:center\" class=\"has-text-color has-cyan-bluish-gray-color\">ACN: 610 908 211 | Australian Financial Services Licence (AFSL): 501223<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares in med-tech developer Polynovo (ASX:PNV) have doubled in the past year, driven by surging sales in its patented Novosorb product. More recently, the company revealed its first &#8220;million dollar month&#8221;, with sales for April ostensibly bringing the business to break-even on a monthly basis. What does the business do? Following a business restructure in 2014, Polynovo is focused on [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3200,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Strong sales growth for Polynovo (ASX:PNV) underpins share price gains - Strawman Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/strawman.com\/blog\/strong-sales-growth-for-polynovo-asxpnv-underpins-share-price-gains\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strong sales growth for Polynovo (ASX:PNV) underpins share price gains - Strawman Blog\" \/>\n<meta property=\"og:description\" content=\"Shares in med-tech developer Polynovo (ASX:PNV) have doubled in the past year, driven by surging sales in its patented Novosorb product. 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