NuGen Medical Devices Inc V.NGMD

Alternate Symbol(s): NGMDF

NuGen Medical Devices Inc. is a Canada-based specialty medical device company. The Company is engaged in marketing and selling its InsuJet needle-free injection system designed to improve the lives of millions of diabetics. Its principal business is the research, development and commercialization of needle-free injection devices and systems for the administration of subcutaneous medication. It is developing products using its needle-free delivery technology in several fields including, but not limited to, diabetes, semaglutide, growth and fertility hormone, as well as deoxyribonucleic acid (DNA) and conventional/pediatric vaccines. It is focusing its development efforts on needle free devices in the area of liquid jet delivery through the InsuJet platform. The Company's InsuJet technology platform is based on jet-stream administration of liquid drugs. The Company manufactures and commercializes needle-free injection systems and sells in over 40 countries globally.

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NuGen Medical Devices Inc

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Post by lscfaon Jan 21, 2024 7:06pm

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Post# 35838260

More transparency required

Mgmt should breakout revenues into devices sold and consumables. This would make clear the trend in growing recurring revenue and the lumpiness of device sales. My guess at break down....

	Devices o/s	Qtr ending	Device rev	Resupply rev	Revenue	Gross profit
	2,905	Jun 24 (e)	0	156,893	156,893	112,963	72.0%
1500 to Mexico	1,611	Mar 24 (e)	220,000	87,000	307,000	221,040	72.0%
500 to Romania	1,411	Dec 23 (e)	82,000	76,181	158,181	113,890	72.0%
500 to Mexico	759	Sep 23	74,856	40,963	115,819	73,315	63.3%
	418	Jun 23	0	22,549	22,549	12,680	56.2%
	451	Mar 23	0	24,376	24,376	17,181	70.5%