Opsens Inc T.OPS

Healthcare Medical Devices

OpSens Inc. is a medical device cardiology-focused company. The Company offers an advanced optical-based pressure guidewire that aims at improving the clinical outcome of patients with coronary artery disease. The Company’s segments include Medical and Industrial. The Medical segment focuses on physiological measurements, such as Fractional Flow Reserve (FFR) and Diastolic Pressure Ratio (dPR) in the coronary artery disease market and also supplies a range of miniature optical sensors to measure pressure and temperature to be used in a range of applications that can be integrated into other medical devices. The Industrial segment develops, manufactures and installs fiber optic sensing solutions for critical and demanding industrial applications. Its flagship product, the OptoWire, is a second-generation fiber optic pressure guidewire designed to provide the lowest drift in the industry and lesions access. It is approved for sale in the United States, European Union, Japan and Canada.

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Opsens Inc > OPSENS ANNOUNCES FOURTH QUARTER RESULTS

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Comment by Possibleidiot01on Nov 25, 2023 4:14pm

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RE:OPSENS ANNOUNCES FOURTH QUARTER RESULTS

Results were great ; not happy with the deal .
Cash and cash equivalents of $17.5 million at November 30, 2022 ($23.8 million at August 31, 2022).
Cash and cash equivalents of $20.5 million at May 31, 2023 ($21.9 million at 28 February, 2023).
Cash now at $18.1 million so they could have waited and got more in my opinion. Cash burn $3.8 million since February in the rampup.
Liabilities up $2 million - mostly lease related.

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