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VentriPoint Diagnostics Ltd V.VPT

Alternate Symbol(s):  VPTDF

Ventripoint Diagnostics Ltd. is a Canada-based medical device company. It is engaged in the development and commercialization of diagnostic tools to monitor patients with heart disease. It develops a suite of applications for all heart diseases and imaging modalities, including congenital heart disease, pregnancy, pulmonary hypertension, COVID-19, technically difficult imaging and cardiotoxicity in oncology patients. It provides application of artificial intelligence to echocardiography. Its flagship product, Ventripoint Medical System (VMS+), enhances echocardiography to deliver cMRI levels of accuracy for volumetric measurements and ejection fractions for all four chambers of the heart. It has developed a solution that transforms cardiac care through its 3D ECHO and MRI software. VMS products are powered by its proprietary Knowledge Based Reconstruction technology, which is the result of a decade of development and provides accurate volumetric cardiac measurements equivalent to MRI.


TSXV:VPT - Post by User

Post by GrahamBon Aug 29, 2023 8:47pm
186 Views
Post# 35611033

VPTs Financials

VPTs Financials More of the same -negligible sales, declining cash reserves. 3891 REVENUE LAST 3 MONTHS,7781 0BER 6 MONTHS on operating expenses of 1.1 and 2.5 million. With so little revenue, the net losses are about the same at 1.1 million and 2.4 million over 3 AND 6 MONTHS 3.3 MILLION IN CASH, down from 5.1 million in December-so time is ticking, given sales are not coming in, and the expenses are still there Or in the companies words: There is no certainty whether the Company will generate significant revenues or attain profitable operations in the near future and there can be no assurance that it will achieve profitability in the future, as it incurred a loss of $2,460,538 and had a negative cash flow from operating activities of $1,841,895 for the six months ended June 30, 2023, and has accumulated $51,081,550 of losses as at June 30, 2023. The Company's ability to continue as a going concern is dependent on its raising of future required capital, bringing its products to market and achieving and maintaining profitable operations. The outcome of these matters cannot be predicted at this time. As a result there exists a material uncertainty which creates significant doubt regarding the Companys ability to continue as a going concern. Source:SEDAR.com
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