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Same here unless there is a really big announcement. RS and raises ahead there.....
I went in 2 days before the raise. Great timing as usual.
I'm also watching Titan. I will buy in when they have the funds to get through FDA
I went all in at 1.26 today. I think worst is over
Still here. That offering was at a deep discount. I think this company will be bought at some point.
You still in this? Thoughts on the price action
I would have thought the same looking at the stock price. I think they did way too much talk about it being a low growth/ no growth transition year and lost their support. When Millennium bailed on the stock back i December - dropping their 5 million shares it made bad get worse.
Bad news is the stock price sucks.
The good news is CFMS is funded for at least next 18 months, growth is coming. We should see signs of that this next week.
The offering was a result of institutions constantly telling them they needed more cash on the balance sheet for them to invest. So they did they did the offering. We all figured they would do an offering but the discount to mkt when the stock was already at an all time low really messed the stock up.
The product is 'that' good. My sources say it is the best outcome on the market bar none. The question is can the salesforce be built with the right folks fast enough.
The hip will be out later this year on a limited basis - probably be limited for 12-18 months as they bring results in to build a profile so docs will get on board.
Huge opportunity in a very competitive space....leads me to believe you will see a partner come on board to create instant distribution once the innovation phase is complete.
My apologies. I have been out of the loop here for a while. I somehow missed that, most likely because of the pps trend lately.
I thought the hip news would have been the news they needed to get out of this funk but it was not the case.
Anyone have thoughts on their future?
Last I heard they were cutting manufacturing costs.
I may have missed something but the iTotal Hip was approved last June 2107. http://www.conformis.com/conformis-announces-fda-510k-clearance-for-itotal-hip-system/ Maybe I misunderstand your post.
I WAS MERELY QUOTING SOMEONE ELSE
LINK BACK TO SEE
Where in that article does it say they received FDA approval? They have had FDA approval for the product in the article for a long time.
The only pending FDA product they are working on is the hip and that is still not approved..
CFMS OFFERING: 13,333,333 shares of its common stock at a public offering price of $1.50 per share
This is great news! Adding here...
Conformis in the news:
http://amp.miamiherald.com/news/article190157114.html
How do you know they received FDA approval? Approval for what? Thank you.
CFMS has received FDA approval. Still not announced to public.
Putting out feelers lol trying to start some talk
I scrub on cases in the OR using Conformis knees. I almost jumped in right before they released earnings. Honestly I think this was an overreaction and this is a great PPS in get in at. IMO.
That's a pretty broad question. LOL...
Thank you for the chart. What's your prediction? What happened today?
* * $CFMS Video Chart 02-16-17 * *
Link to Video - click here to watch the technical chart video
* * $CFMS Video Chart 11-04-16 * *
Link to Video - click here to watch the technical chart video
Maybe insiders know hip resubmission is coming around he corner..? Nice gains here as of late.
I'm not sure but I am making an educated guess that it will be in October, I can't imagine later than November but you never know.
What do you think is the Approx date for resubmission ?
Between the move and the upcoming (VERY NEAR) hip re-submission PPS moving north.
Once hip re-submission is finally announced we should see the begin of a nice steady climb IMO.
I agree on all your points. Thanks for the reply..
even though the lease details are lacking, it appears to be a good move for the company.
The 45K sf appears to be more than adequate for the HQ. Total employees = 387, but many of those must be located in the manufacturing facility. That should leave space to fill at the HQ over the next 5-10 years.
Real nice looking building by the way, hope the employees like the new location.
New Space for new growth I guess- http://www.jayrickey.com/2016/09/26/conformis-signs-45k-sf-lease-to-relocate-hq-from-bedford-to-billerica-mass/
They must be growing they have a job posting http://boston.craigslist.org/nos/lab/5801284888.html
Financials
I think in 1-2 quarters this is going ^. I believe financials will be good and hip resubmission around the corner then hopefully approved in 6mo from sub date.
Companies is taking action to cut down operating expenses.
We get them once in a while followed by lagging back down. Until we have a catalyst like Hip resubmission expect more of the same.
It is good to make a buck on some swing trades for now.
Correct. These are simply the best knees on the market. Additionally, with all the cross fit warriors today in 10 years the rate of replacement knees / joints are going to skyrocket.
This is an investment for sure. Throw some in your ROTH IRA if youre younger and you will thank your older self ;)
I agree with you. TY
When you have the best knee replacement product, the "good" doctors will recommend it. It is only a matter of time to have sales increase. Patience is the key, over the long run this stock will be sure double or triple from here. Any purchases in the low 8s are steals. I see little if any down side and huge up side.
DeGen
Great thank you. My dad had the knee done in June and has done awesome. Home 2 days post surgery. It's amazing
I believe they will resubmit before 2017. What I have been hearing is they are still testing components and may resubmit in October.
Have you heard anything on the Hip
I hope they resubmit the hip again soon. Then to the moon!
I am going to add around here (6.21) but going to see if it hits lower first.. this is ridiculous. My future self is going to thank me.
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About ConforMIS, Inc.
"ConforMIS is a medical technology company that uses its proprietary iFit Image-to-Implant technology platform to develop, manufacture and sell joint replacement implants that are individually sized and shaped, or customized, to fit each patient's unique anatomy. ConforMIS offers a broad line of customized knee implants and pre-sterilized, single-use instruments delivered in a single package to the hospital. In recent clinical studies, ConforMIS iTotal CR demonstrated superior clinical outcomes, including better function and greater patient satisfaction, compared to traditional, off-the-shelf implants. ConforMIS owns or exclusively in-licenses approximately 500 issued patents and pending patent applications that cover customized implants and patient-specific instrumentation for all major joints.
For more information, visit www.conformis.com. To receive future releases in e-mail alerts, sign up at http://ir.conformis.com/."
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