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Compumedics (ASX:CMP) has inked a fresh $4.2 million order to kick off CY26 with a sixth unit of its Orion LifeSpan magnetoencephalography (MEG) tech heading off to Shandong University in China via a Beijing-based dealmaker, bringing total MEG orders to $30 million.
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Disclaimer: This content has been prepared as part of a partnership with Compumedics Ltd is intended for informational purposes only.
For those out of the loop, MEG is a potentially superior brain scanning modality compared to MRI machines; it’s non-invasive, doesn’t need radio isotopes to be ingested by patients, and is even smoother for patients than EEG scans – MEG uses magnetic fields to scan the brain, meaning there’s no need to cover one’s skull in electrodes.
“This is another significant commercial milestone for Compumedics. The Shandong Normal University order further validates the strategic value of our MEG business, which delivers large contract values, strong differentiation and long-term revenue visibility,” CMP Exec Chair David Burton said.
“With six systems now sold and further opportunities progressing, we believe Compumedics is well-positioned to continue scaling this unique global neuro-imaging platform.”
To that end, Compumedics wrote Thursday the company “continues to scale” with MEG orders the main revenue target; its order book is now filled into FY27.
While China – particularly Shandong University – remains a solid source point of demand, Compumedics is also keeping pressure on entering European and U.S. markets. “The company expects MEG revenue recognition to continue to reflect production, delivery and installation timing, with milestone payments received across the project lifecycle,” CMP wrote on Thursday.
Worth noting, China’s ‘Shandong Normal University’ is home to the Qilu Hospital, and the ‘Shandong Key Laboratory of Brain Function Remodelling,’ according to an English language version of the University’s webpage.
The university is associated with numerous pieces of research into brain function with a neurological and mental health-focused bent.
CMP last traded at 44cps.
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