Well done holders..... great to see this company doing so well. A definite long term hold.
( disc not holding - missed a couple of 'buy' opportunities :()
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They have also expanded into new markets so that should ensure a long term increase in the rate of growth as more countries are now familiar with the products and technology.
I find that extraordinary. Which countries?
Hospitals in the US, China, Sth Korea, Germany, France, Italy, UK, 10 African Countries, India, Bangladesh etc etc are all specifically reported recently as desperately short of ventilators, where doctors are having to make life and death decisions about who gets one.
Manufacturers are saying there's no easy way to increase production at anywhere near the level needed to match demand & demand continues to race way ahead of capacity.
The only source of such an assertion I can find is from highly dubious media supporting Trump's assertion at one stage that the US has plenty of ventilators for everyone & is going to send some to countries who are friendly to the US.
I believe this is just politicking the health crisis & glaringly doesn't match the reality in the US where sources like John Hopkins Uni say they need at least half a million new ventilators in the US now.
It was an article from the UK. I'll hunt it down and post the link. Essentially, they stated that the NHS has obtained sufficient numbers of ventilators (mechanical and non-invasive types) to ensure all patients who required one had access to them since around June. Prior to that, there were significant issues surrounding supply. The article also noted that UK manufacturers were now exporting ventilators to Europe, but there was still some importation of more specialised devices from Sweeden (I think).
Another article I read noted that in the US, New York has provided surplus ventilators to other states. I'm purposefully avoiding any White House press releases or known politically aligned media sources, as I'm well aware of the bias introduced there.
You're quite right they don't produce ventilators, but I understand the gentle air flow of their CPAP machines have been found in some cases superior to standard ventilators in the treatment of patients with severely Covid damaged lungs. (the higher pressure of ventilators causing more damage)
Im not sure whether the massive increase in demand is directly due to this or that recovering patients will need some degree of life long respiratory assistance, even if just for sleep, however, there's been a huge increase in demand caused by the Covid pandemic.
As we know, prior to Covid, demand was already rocketing due to the growing numbers of ageing westerners suffering from ailments like overweight which contribute to sleep apnea.