Titan Medical Inc. (T:TMD)

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Business Focus: Advanced Medical Equipment & Technology

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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: 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 fiscal year ended 31 December 2017, Titan Medical Inc. revenues was not reported. Net loss increased 44% to $33.6M. Higher net loss reflects Gain(Loss) on change in fair value ofwar decrease from $5M (income) to $13.1M (expense), Management salaries and fees increase of 51% to $2.4M (expense), Stock based compensation increase of 67% to $1.4M (expense).
Employees: 7 as of Dec 31, 2015
Reporting Currency: U.S. Dollars
Enterprise value: $64.47M as of Dec 31, 2017
Annual revenue (TTM): $0.00M as of Dec 31, 2017
EBITDA (TTM): -$24.07M as of Dec 31, 2017
Net annual income (TTM): -$42.85M as of Dec 31, 2017
Free cash flow (TTM): -$24.61M as of Dec 31, 2017
Net Debt Last Fiscal Year: N/A
Shares outstanding: 380,916,684 as of Mar 15, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization