RE:RE:RE:RE:RE:Understanding Yutian Medical Shanghai DealSorry if that didnt come out-I am also an idiot in formatting...
Interesting back-and-forth here, and great to see people actually discussing the company.
Now, about whether reviewing the financials for evidence of sales, revenue, and ultimately profit which of course are looking backwards are relevant for a company like this, versus forward-looking statements about potential sales, given what is purported here to be disruptive technology.....
First, understanding financials, is important , as cash is the oxygen that allows a company to breathe and survive. Just looked back to the last year, when the company was not treating because they were in solvent.
No cash-=no business.
Now there have been financing recently as a life line, but it isnt sustainable and a company needs to generate revenue and profit to survive and grow.
So for ME-I will wait until I see this either in finacials or a verifiesd report in real time.
But statements of what could be? A multi billion diollar company as stated by m,any hgere and in videos in the past?
Nah-been there done that.
To the point...Sales are also critical, because they do indicate adoption of a “disruptive technology”, since physicians would be committing to a purchase because they believe in the technology. Versions of this product has been around for 10 years, and that still has not happened.
Furthermore, the concept of disruption is one I am certainly familiar with, however I am also aware is the term is frequently misapplied and misunderstood. In fact, the authors of this have said:,
“In our experience, too many people who speak of “disruption” have not read a serious book or article on the subject. Too frequently, they use the term loosely to invoke the concept of innovation in support of whatever it is they wish to do
”https://hbr.org/2015/12/what-is-disruptive-innovation
This from the creators of the term at Harvard.
I know that people don’t like long posts here and I won’t go on any further about this, but read this article and you will see, that the concept of disruption is often misapplied, and VPT, at this point, has not met the criteria being a disruptive technology that they outline, all IMO.(The purchases at this technology will ultimately be the ones to decide whether or not this is true and that will be measured in purchases or sales)
It is convenient, but dangerous, to keep looking forward, and justifying the fact that you don’t have any revenues or sales because you say you are disruptive.
Companies that are truly disruptive, actually disrupt, because they are taking over customers, and changing the way the business happens. It’s been 10 years, and the trajectory here is flat.
Also, AI medicine is booming. It’s also taking off in echocardiography, and it’s been even encouraged by the FDA.
https://www.fda.gov/medical-devices/software-medical-device-samd/artificial-intelligence-and-machine-learning-software-medical-device
Remember, this technology was not invented by GA, but by University of Washington, and that patent has run out. Others are adopting AI where it is useful, even GE, mentioned by GA in the recent video , has a division and products that there selling already..
“GE Healthcare nabbed FDA clearance for its artificial intelligence-powered cardiovascular ultrasound system, designed to help automate and standardize echocardiogram exams. The Ultra Edition package for the company’s line of Vivid ultrasounds incorporates learning algorithms that can automatically detect the points in a 2D image that are used to measure the size of the left ventricle, an important metric in diagnosing and treating heart failure and disease.”
https://www.fiercebiotech.com/medtech/ge-healthcare-s-cardiovascular-ultrasound-ai-nets-fda-clearance
With technology available will they or others develop 3D reconstruction for all chambers?
Dont kniow-but will waitb to see that OR revenue/profits before I invest my cash
Again, just IMO-