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Accelerated Sales Growth for Aquadex is Confirmed.
"CHFS has doubled the production staff that builds its next generation Aquadex SmartFlow consoles in response to increased demand from hospitals due to the coronavirus COVID-19."
"CHF Solutions has seen strong interest from additional hospitals & increased demand for this ultrafiltration therapy as the rate of affected patients continues to increase."
CHFS is on the doorstep of becoming profitable.
Aquadex Smart Flow machines $31,000 each, Filters $900 per one time use per patient.
"We anticipate a 70% plus margin on the disposable filter circuits."
"Regarding our cost of goods sold. We continue to see improvements in our gross margins resulting from the transition to in-house manufactured inventory. Our margins were about 51% for the quarter, 16 percentage points above last year's Q4 margins. For the year 2019, our gross margins were 51.7%, an increase of 25 percentage points over the prior year."
startribune.com/med-tech-fr...
Thanks AK77 on the ST CHFS message board for this Minneapolis Star Tribune article, "Med tech front lines against COVID-19 includes array of Minnesota connected companies"
Local Minneapolis reporter confirms COVID-19 demand for Aquadex medical device manufactured & marketed by Eden Prairie, MN based CHFS.
4th paragraph down.
"Eden Prairie-based CHF Solutions is shipping a device that removes excess fluids from intensive-care patients treated for COVID-19."
P.S. Sorry, can't get the link to work. Not sure what I did wrong. The link on ST works if you want to check that one.
Weird, no body shows up in this board.
Looking good PM. Uptrend intact. Great set up. GOV# has news this morning and also worthy of your attention. Best of Luck.
Could see 80 cents today
Confirmed, no USA competitor. FDA 510k approved Aquadex SmartFlow medical device is the only game in town for fluid management, a legal monopoly if you will...
Aquadex Smartflow Launch Video 2020
* * $CHFS Video Chart 03-27-2020 * *
Link to Video - click here to watch the technical chart video
Shorty's been working overtime on this one.
Aquadex is the news.Multi bagger potential.
News coming today?
From the 3/3/30 CC:
"The new Aquadex SmartFlow introduces new integrated diagnostics that help physicians guide therapy. We have applied for 5 new patents that cover some of the important enhancements & we expect to file 3 more in the near future."
"Last year, we added distributors in Brazil, India, Spain and Greece, joining our long-time partners in Italy, the United Kingdom and Southeast Asia. This year, we have announced new distributors in Germany, Austria and Switzerland, spreading our current international footprint to 13 countries."
" the launch of our next-generation Aquadex SmartFlow will allow us to resume Double-Digit Growth Rates, both sequentially and versus the prior year."
"we anticipate a 70% plus margin on the disposable filter circuits."
"We also are pursuing it (CV fluid management) internationally because we have some strong use of our product in Italy, where there's certainly a large number of patients with CoronaVirus."
Read the last conference call transcript & latest PRs. A lot of encouraging information. Also read the 10-K, looks like warrant exercising is keeping a short term lid on share price. Don't know when the warrants will be done but this should rocket when that day arrives.
$CHFS did nothing but drop on news. This one doesn't look like it's going anywhere.
Glad I'm not in :) that's harsh!!
CHFS offering $CHFS offering. 4.16M shares at $0.30/share
Just got home and realized I got my fill @ .41
* * $CHFS Video Chart 03-16-2020 * *
Link to Video - click here to watch the technical chart video
* * $CHFS Video Chart 03-12-2020 * *
Link to Video - click here to watch the technical chart video
Somewhat green close,,50 would have been better.
I held this long,so I'll stick around to see if rumors true.
RUMOR IS THEIR DEVICE BEING BOUGHT ALL OVER EUROPE... GOING TO FIND OUT WHATS UP! MEAN WHILE GOOOOOOOOOOOOO CHFS.
.56 at 1.5 mill traded so far.
Been down so long i forgot had this,nice moves today premarket
YA GOT ONE JOB!!! LOAD FOR NEXT WEEK
* * $CHFS Video Chart 03-02-2020 * *
Link to Video - click here to watch the technical chart video
Going to be a good day tomorrow
* * $CHFS Video Chart 02-28-2020 * *
Link to Video - click here to watch the technical chart video
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