Up 10% Why the Polynovo share price is popping today

Polynovo shares are rising for the second day in a row following a strong trading update from the company. In its update, Polynovo revealed total global revenue for the first half of FY2024 was $48.8 million, up 65.6% from the same period last year. U.S. sales grew 41.7% to $32.2 million while sales in the rest of the world jumped 122.2% to $10 million. The company also reported positive earnings before interest, tax, depreciation, and amortization and a net profit after tax for the period. The chair was pleased with the significant near-term revenue growth and expanding geographic footprint. While the share price is up on the update, it remains down 25.8% over the past 12 months. Tap for more at fool.com.au