Nemaura Medical Inc (PK:NMRD)
Business Focus: Medical Equipment, Supplies & Distribution
| Sector: Healthcare | Industry: Medical Equipment, Supplies & Distribution |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 57 W 57th St NEW YORK NY 10019-2802 |
| Tel: | N/A |
| Website: | https://nemauramedical.com |
| IR: | See website |
| Key People | ||
| Dewan Fazlul Hoque Chowdhury Chairman of the Board, President, Chief Executive Officer, Principal Financial Officer, Principal Accounting Officer | Arash Ghadar Chief Operating Officer | |
| Business Overview |
| Nemaura Medical, Inc. is a medical technology company developing and commercializing non-invasive wearable diagnostic devices. The Company is commercializing sugarBEAT and proBEAT. The Company, through its operating subsidiaries, performs medical device research and manufacturing of a continuous glucose monitoring system (CGM), sugarBEAT. The sugarBEAT device is a non-invasive, wireless device for use by persons with Type I and Type II diabetes and also be used to screen pre-diabetic patients. The sugarBEAT device extracts from analytes, such as glucose, from the surface of the skin in a non-invasive manner where it is measured using sensors and interpreted using an algorithm. The SugarBEAT works by extracting glucose from the skin into a chamber in the patch that is in direct contact with an electrode-based sensor. The proBEAT combines non-invasive glucose data processed using artificial intelligence and a digital healthcare subscription service. |
| Financial Overview |
| For the nine months ended 31 December 2023, Nemaura Medical Inc revenues decreased from $77K to $0K. Net loss decreased 37% to $6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects FV/Uls Adjust on Derivatives for Hedging increase from $0K to $2.6M (income), Change in fair value of foreign exchange increase from $1.5M (expense) to $489K (income). |
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