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Covalon Technologies Ltd CVALF


Primary Symbol: V.COV

Healthcare Biotechnology
Covalon Technologies Ltd. is a Canada-based patient-driven medical device company that provides healthcare solutions for advanced wound care, infection control, and medical device coatings. The Company's solutions are designed for patients and made for care providers. The Company leverages its patented medical technology platforms and expertise in two ways: by developing products that are sold under Covalon's name, and by developing and commercializing medical products for other medical companies under development and license contracts. The Company has three proprietary platform technologies that have the potential to be developed into a number of medical devices and products: Collagen matrix, Antimicrobial silicone adhesive and Medical coatings. Its product type includes advanced wound care, antimicrobial dressings, collagen dressings, IV dressings, and perioperative dressings. Its brands include ColActive PLUS, CovaClear, CovaView, CovaWound, IV Clear, SurgiClear, and VALGuard.


TSXV:COV - Post by User

Covalon Technologies Ltd > Interesting
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Post by ARIMA11on Aug 16, 2023 9:33am
204 Views
Post# 35590666

Interesting

InterestingGood Quarter but the cash balance continues to go down (9.1M) compared to (22.1M) after the sale of Acquagard in FY2021. If they continue to use 2-3M a quarter they will need to raise funds in the coming year. And they seem apprehensive about a buyback... Hence the question.

One one hand Covalon is confident but its somehow apprehensive about a buyback... 


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