Aurora Spine Corp V.ASG

Alternate Symbol(s): ASAPF

Healthcare Medical Devices

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

Aurora Spine Corp

Bullboard Posts

Comment by Screeferon Jul 08, 2016 2:52pm

136 Views

Post# 25036392

RE:RE:ASG

viveck55 wrote:
Unfortunately, the stock holders “longs” are screwed unless the board members clean house on all of the executives. Salaries: https://finance.yahoo.com/quote/ASG.V/profile

Even if they cut all salaries it would not have been close to profitable last year.

	YE 2015
SALES	4,900,625
Cost of goods sold	2,209,504
GROSS PROFIT	2,691,121
GROSS MARGIN	54.9%

Gain on extinguishment of debt	205,316
	2,896,437

OPERATING EXPENSES
Executive compensation	543,786
Salaries	1,489,447
Consulting fees	97,478
General and administrative	1,226,540
Research and development	78,119
Bad Debt	229,331
Marketing	287,681
Occupancy	263,999
Professional fees	413,023
Stock based compensation	142,557
Insurance	301,310
Depreciation	739,325
TOTAL OPERATING EXPENSES	5,812,596

NET LOSS	-2,916,159