Titan Medical Inc. (T:TMD)
Business Focus: Advanced Medical Equipment & Technology
| Sector: Healthcare | Industry: Advanced Medical Equipment & Technology |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 170 University Ave TORONTO ON M5H 3B3 |
| Tel: | N/A |
| Website: | https://www.titanmedicalinc.com |
| IR: | See website |
| Key People | ||
| John E. Barker Interim Chairman of the Board | David J. McNally President, Chief Executive Officer, Director | Stephen D. Randall Chief Financial Officer, Secretary |
| Curtis R. Jensen Vice President - Quality and Regulatory Affairs | Perry A. Genova Vice President - Research & Development | |
| Business Overview |
| Titan Medical Inc. is a Canada-based company engaged in developing robotic surgical system for use in connection with minimally invasive surgery (MIS) (surgery without large incisions). The Company is developing the SPORT (Single Port Orifice Robotic Technology) Surgical System, a single-port/single-incision robotic surgical system to provide tele-operation (remote surgery) capabilities. The SPORT Surgical System comprises a surgeon-controlled robotic platform (patient cart) that includes a three dimensional (3D) high definition vision system and multi-articulating instruments for performing MIS procedures, and a surgeon workstation that provides the surgeon with an ergonomic interface to the robotic platform and also provides a 3D endoscopic view of inside a patient's body during MIS procedures. The SPORT Surgical System is also being developed to allow for data collection and analytics that could be utilized by the surgeon and/or operation room teams. |
| Financial Overview |
| For the three months ended 31 March 2018, Titan Medical Inc. revenues was not reported. Net loss decreased 84% to $809K. Lower net loss reflects Gain(Loss) on change in fair value ofwar increase from $462K (expense) to $3.6M (income), Foreign exchange gain increase from $15K to $515K (income), Warrant liability issue cost decrease from $142K (expense) to $0K. Basic Earnings per Share excluding Extraordinary Items increased from -$0.88 to -$0.06. |
| Employees: | 7 as of Dec 31, 2015 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $34.43M as of Mar 31, 2018 |
| Annual revenue (TTM): | $0.00M as of Mar 31, 2018 |
| EBITDA (TTM): | -$25.81M as of Mar 31, 2018 |
| Net annual income (TTM): | -$39.02M as of Mar 31, 2018 |
| Free cash flow (TTM): | -$27.57M as of Mar 31, 2018 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 13,996,277 as of Jun 19, 2018 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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