Entry: $3.2-3.4
Price Target : $3.99, $4.08, $4.26, $4.44, $4.62
Stop Loss: $3 or Entry Price.
Comment:
- Revenue increased 18% to $318,000, which included the first shipment of products to Ultra Pain Products, Inc. (UPPI) under its amended contract which extended terms and increased minimum purchase requirements to $8 million over three years
- Launched OTC pain management device, PainShield RELIEF
- Submitted request to CMS for reimbursement code(s) for UroShield and PainShield Plus
- Received registration approval for UroShield from Therapeutic Goods Administration (TGA) in Australia
- Balance sheet remains strong with $5.7 million in cash and $0 long-term debt as of June 30, 2021
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