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Covalon Technologies Ltd. is a global leader in researching, developing, and commercializing healthcare technologies that save lives worldwide. With patented products and services, Covalon addresses medical device companies, healthcare providers, and individual consumers' advanced healthcare needs. Specializing in wound care, tissue repair, infection control, disease management, medical device coatings, and biocompatibility, Covalon's technologies prevent, detect, and manage various medical conditions.
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Covalon Technologies Ltd. announces its annual meeting of shareholders to be held virtually on March 6, 2024, with a presentation from the new CEO, Brent Ashton. Shareholders can participate, ask questions, and vote online. Non-registered shareholders must appoint themselves as proxyholders to vote.
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Covalon Technologies Ltd. announced its fiscal 2024 Q1 results, showing a 36% growth in US product revenue offset by a 77% decline in International product revenue. The company aims for EBITDA profitability in fiscal 2024, focusing on streamlining expenses and revenue growth.
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Covalon Technologies Ltd. announced management changes, including the appointment of an interim CFO and a new Senior Vice President of Operations. The current Vice President - Finance will become the interim CFO, succeeding the current CFO who will be stepping down in February 2024. Additionally, the new Senior Vice President of Operations will be responsible for overseeing manufacturing, quality assurance, regulatory affairs, and human resources. The CEO expressed gratitude to the outgoing CFO and welcomed the new appointees to the executive leadership team.
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Covalon Technologies Ltd. reports a significant increase in revenue for the fourth quarter and full year of 2023, with a 28% and 47% increase, respectively. The company also improved its net loss from continuing operations by $1.2 million and $5.2 million for the fourth quarter and full year, respectively. Product revenue increased due to higher customer demand for collagen and silicone-based dressings in the US and international markets. Gross margin also improved, with a 42% increase for the fourth quarter and a 54% increase for the full year. Operating expenses and net loss were reduced compared to the previous year, showing positive financial improvements.
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Covalon Technologies Ltd. (TSXV: COV; OTCQX: CVALF) appoints Mr. Brent Ashton as the new CEO and director, bringing extensive experience from 3M Health Care and BD. The company aims to leverage Mr. Ashton's expertise for accelerated growth and development.
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Covalon Technologies Ltd. (TSXV: COV; OTCQX: CVALF) proudly announced the publication of an article in the British Journal of Nursing (BJN) titled 'Guarding the Central Venous Access Device: A New Solution for an Old Problem.' The article, authored by Darcy Doellman, MSN, RN, VA‐BC, a leading expert in pediatric vascular access, sheds light on innovative practices to strengthen infection prevention bundles used within vascular access by featuring VALGuard – a novel, transparent line guard that protects central venous access hubs from gross contamination. The article qualifies healthcare professionals for CE (continuing education) credits and updates them on various sources of CVAD contamination as a major contributor to CLABSIs (Central line‐associated blood stream infections), while highlighting practices and innovations designed to help address this critical issue.
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Covalon Technologies grants deferred stock units to directors and officers
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Covalon Technologies to participate in AVA Conference and Exhibit to showcase vascular access solutions
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Covalon Technologies announces participation in the American Nurses Credentialing Center (ANCC) Magnet Conference
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Covalon Technologies Ltd. (TSXV: COV; OTCQX: CVALF) appoints Amir Boloor as Interim CEO following the departure of Brian Pedlar. The Board has initiated a search for a permanent CEO. Joseph Cordiano is appointed as lead independent director. The company emphasizes Boloor's experience and understanding of Covalon's strategy, highlighting its strong balance sheet, dedicated team, and significant momentum in advanced wound care and infection prevention product portfolios.
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FAQ
What is the current stock price of COVALON TECHS (CVALF)?
The current stock price of COVALON TECHS (CVALF) is $2.445 as of October 15, 2024.
What is the market cap of COVALON TECHS (CVALF)?
The market cap of COVALON TECHS (CVALF) is approximately 61.7M.
What does Covalon Technologies Ltd. specialize in?
Covalon specializes in researching, developing, and commercializing healthcare technologies for wound care, tissue repair, infection control, disease management, medical device coatings, and biocompatibility.
Which sectors does Covalon cater to?
Covalon caters to medical device companies, healthcare providers, and individual consumers globally.
What is unique about Covalon's patented technologies?
Covalon's patented technologies are designed to prevent, detect, and manage various medical conditions, setting them apart as a global leader in healthcare technology.
Where can I find more information about Covalon Technologies Ltd.?
For more information about Covalon Technologies Ltd., visit their official website at www.covalon.com.
How does Covalon Technologies Ltd. contribute to the healthcare industry?
Covalon contributes to the healthcare industry by offering innovative solutions that address advanced healthcare needs and help save lives around the world.
What is the mission of Covalon Technologies Ltd.?
Covalon's mission is to research, develop, and commercialize healthcare technologies that make a significant impact in preventing, detecting, and managing medical conditions.
Why is Covalon Technologies Ltd. considered a global leader in healthcare technologies?
Covalon is considered a global leader due to its focus on innovation, patented technologies, and commitment to addressing critical healthcare needs worldwide.
How does Covalon Technologies Ltd. contribute to wound care and infection control?
Covalon specializes in technologies that are crucial for wound care, infection control, and other specialty areas to improve patient outcomes and healthcare standards.
What sets Covalon Technologies Ltd. apart from other healthcare technology companies?
Covalon's focus on advanced medical solutions, patented technologies, and global reach distinguish it from other healthcare technology companies in the industry.
What are the core values of Covalon Technologies Ltd.?
Covalon values innovation, quality, patient care, and global impact in its mission to provide cutting-edge healthcare technologies to improve lives worldwide.
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