CA - NuGen receives order for repeat demand in Mexico
2024-07-19 17:26:17 ET
- NuGen Medical Devices ( TSXV: NGMD:CA ) announced that Science Link, the exclusive distributor of the Insujet in Mexico has placed an additional order for 4,500 Insujet injectors to support channel expansion and demand growth in the Mexico market.
- The revenue associated with the order is $525K, contributing an expected gross margin of $341K to NuGen.
- Science Link previously accepted orders for 1,500 injector units that were received in Mexico in April, 2024.
- This order of 4,500 units is scheduled to ship in Q4 2024, bringing the total injector sales into Mexico to 6,000 for the year.
- Source: Press Release