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 six months ended 30 June 2018, Titan Medical Inc. revenues was not reported. Net loss decreased 2% to $6.7M. Lower net loss reflects Gain on change in fair value ofwarrants increase from $2.4M to $5.9M (income), Foreign exchange (gain)/loss decrease from $81K (expense) to $932K (income), Interest increase from $5K to $83K (income). Basic Earnings per Share excluding Extraordinary Items increased from -$1.18 to -$0.49. |
| Employees: | 7 as of Dec 31, 2015 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $22.40M as of Jun 30, 2018 |
| Annual revenue (TTM): | $0.00M as of Jun 30, 2018 |
| EBITDA (TTM): | -$30.47M as of Jun 30, 2018 |
| Net annual income (TTM): | -$43.78M as of Jun 30, 2018 |
| Free cash flow (TTM): | -$31.32M as of Jun 30, 2018 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 21,675,849 as of Aug 14, 2018 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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