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Covalon Technologies Ltd. - CVALF STOCK NEWS

Welcome to our dedicated news page for Covalon Technologies Ltd. (Ticker: CVALF), a resource for investors and traders seeking the latest updates and insights on Covalon Technologies Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Covalon Technologies Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Covalon Technologies Ltd.'s position in the market.

Rhea-AI Summary
Covalon Technologies Ltd. announces successful results of its Fiscal 2023 Annual Meeting of Shareholders, with all items of business approved. The voting results for the election of the Board of Directors and the appointment of auditors are detailed, showing high approval rates.
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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.

OTC:CVALF

CVALF Rankings

CVALF Stock Data

20.91M
13.35M
53.22%
Research and Development in Biotechnology
Professional, Scientific, and Technical Services
Link
Canada
Mississauga

About CVALF

covalon technologies ltd. researches, develops and commercializes new healthcare technologies that help save lives around the world. covalon's patented technologies, products and services address the advanced healthcare needs of medical device companies, healthcare providers and individual consumers. covalon's technologies are used to prevent, detect and manage medical conditions in specialty areas such as wound care, tissue repair, infection control, disease management, medical device coatings and biocompatibility. to learn more about covalon, visit our website at www.covalon.com