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Aurora Spine Corp V.ASG

Alternate Symbol(s):  ASAPF

Aurora Spine Corporation is a designer and manufacturer of medical devices. The Company is engaged in the development and distribution of minimally invasive, interspinous fusion systems and devices. It offers a range of devices specifically designed to address cervical spine conditions and restore optimal functionality. Its Cervical product line includes apollo, Discovery, and DEXA-C. The apollo Anterior Cervical Plate system is comprised of cervical plates and bone screws constructed of titanium alloy as described by ASTM F136. Discovery is its Spine's invasive cervical interbody fusion system. The DEXA-C is crafted to mimic the lattice structure of cancellous bone in humans while maintaining a comparable modulus of elasticity. The Company has established a physician training program through national and regional cadaver labs.


TSXV:ASG - Post by User

Bullboard Posts
Post by BillyBufford155on May 30, 2015 12:41am
194 Views
Post# 23780361

Q1 Earnings Opinion

Q1 Earnings OpinionWell, I was hoping to see a continued jump in ASG's revenue during Q1, but after growing from .3 mill, .5 mill., .6 mill, 1.5 mill during the last successive quarters, revenue came in at 1.3 mill. this quarter. And this is after ASG seemed to be previously under pressure to ramp up sales from institutional investors and management during the latter part of last year. I also thought ASG said at that time they were adding to their sales force and were seeing very positive momentum in revenue near the end of Q4...now there's no revenue growth??? And the earnings report is trumpeting how much revenue grew from a year ago when the company was just first making sales??? Would be nice if ASG management mentioned what FUTURE sales are going to be. After all, the company is still losing over a million $'s a quarter, and needs to turn profitable soon or existing shareholders will be significantly dilluted over the next few years if the stock keeps trading at sub $1 a share. At least it looks like operating expenses were much lower. Anyhow, I wonder what happened to the extra hiring they were doing in the sales area of the company late last year...would be nice if management gave us some more clarity like they did during 4Q. Just my opinion... For I believe this is a big issue for the future share price of this company.
Bullboard Posts