Opsens Inc T.OPS

OPSENS ANNOUNCES FOURTH QUARTER RESULTS

[Betteryear2]

Total Revenue up 37% - Medical Sales up 42% - Gross Margin 58%

QUEBEC CITY, QC, Nov. 22, 2023 /CNW/ - OpSens Inc. ("OpSens" or the "Company") (TSX: OPS) (OTCQX: OPSSF), a medical device cardiology-focused company delivering innovative solutions based on its proprietary optical technology, today reported its results for the fourth quarter of fiscal year 2023, ended August 31, 2023.

OPSENS ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2023 FINANCIAL RESULTS (newswire.ca)

[Possibleidiot01]

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

[tannin]

also not happy with the deal.....but think it's done and dusted.......hard to replace in my portfolio......any ideas ? For others, you might look at KSI.

[Possibleidiot01]

tannin I sent this message awhile back to somebody on another board who never bothered to pick it up. Oh well. To update , the picks Vitalhub has been undergoing a re-rating surge which hopefully holds. On my watchlists, Kneat is probably at the top. I would be interested in knowing what you think they might be as opposed to H2O Innovation , if you would like to share . You might want to

[tannin]

Appreciate your thoughts Possibleidiot..........Will do some work on those names. Currently nervous given my take on where we are in the economic cycle......nervous in the sense of, buying high flyers right now ( high flyers being a very relative term of course...let's just say 'winners'.......but thinking of 6-8 months from now, building a list of ....if the price is right, i want in.

[GoldenArm1]

Like I said awhile back when I sold. They are not profitable and I can't see them profitable until much later. You can buy now and wait but I'm waiting for positive news on the profitability side.