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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 shawshank666on Nov 22, 2023 9:45am
116 Views
Post# 35748184

Third quarter numbers out next week

Third quarter numbers out next weekLast year the numbers were released Nov.29 so they should be released next week.
Since this is for the quarter that ended Sept.30 it has to include more than just the revenue from the 2 German sales. With 3-4 demos being done per month some of them have to have resulted in a sale. On top of this there's the 6 sales from 2022 and 5 potential sales by Jan.2023 that have not been reported as revenue yet. Hopefully some of these hit the books in the third quarter of 2023.
Remember the Dec.14 2022 news release.
6 purchases have been made year to date and 5 more expected by the end of January
If they only report revenue from those 2 German sales watch this fall below 10 cents. They need to start selling units (not give them away)and put some revenue in the books. Over the last 4 years they have recorded less than $300,000 in revenue. They need to have $300,000 in revenue per month just to pay the bills. I am not bashing anything here. These are the facts. They need sales. And soon they are going to need money to keep operations going. They will need to do a placement at 10 cents and who is going to want to buy a placement in a company with no sales. 


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