Perfect pearly whites appear to be the future and Australian-listed dental technology company SDI is poised to reap the benefits.
The Melbourne-based business expects to deliver an 18% increase in sales this financial year after consumers – forced to stare at themselves on Zoom calls during the pandemic – began hunting for that million dollar smile.
“Demand for white teeth, we think, is universal, and there’s been some bounce back following the pandemic,” said Stephen Scott, the lead of K2 Asset Management’s Annapurna Microcap Fund.
The company – which specialises in cosmetic dental products including teeth whitening solutions – is set to release five new products through 2021.
“The research and development team is focused on new aesthetic materials, specifically tooth-coloured fillings and tooth whitening. Importantly, these categories are in markets with significant barriers to entry,” said CEO and Managing Director Samantha Cheetham.
As one of the longest-listed companies on the ASX, SDI has a long history as a profitable and innovative business that delivers market-focused products to dental surgeries across more than 100 countries.
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