Specialized Health Products International, Inc. is a leading developer, manufacturer and marketer of proprietary disposable medical products for clinician and patient safety. Specialized Health Products has developed multiple safety needle products based upon a broad intellectual property portfolio that applies to virtually all medical needles used today.
Specialized Health Products is a market leader in safety Huber needles, with four complementary product offerings. The Company has licensed or supplies other products to leading global healthcare companies, including Covidien, Bard Access Systems, and BD Medical. SHPI has over 400 patents issued or pending.
Safety Needle Industry
An estimated 800,000 accidental needlesticks occur each year, affecting doctors, nurses, other clinicians and patients. Centers for Disease Control and Prevention (CDC) estimates that more than 80% of accidental needlesticks can be prevented by using safety devices. The existing U.S. disposable medical needle market is estimated to be more than $1.5 billion.
SHPI has a 39% market share of the overall Huber needle market and a 59% market share of the safety portion of that market. SHPI has only a tiny market share of the overall safety needle market.
BUYOUT COMPLETED ON JUNE 5, 2008
Fact Sheet & Investor Presentation
Fact Sheet - http://www.shpi.com/investorRelations/shpiFactSheet.pdf
Investor Presentation - http://www.shpi.com/investorRelations/Sept_2007_SHPI_Presentation.pdf
Financial Performance Summary
Quarter Revenue GM EPS
Q3'07 $5,069,283 66.4% $0.016
Q2'07 $4,390,144 64.5% $0.007
Q1'07 $4,199,725 67.1% $0.005
Q4'06 $3,754,959 61.2% $0.002
Q3'06 $4,118,029 65.3% $0.009
Q2'06 $3,368,191 64.5% -$0.007
Q1'06 $2,027,841 64.3% -$0.012
Q4'05 $1,934,375 57.2% -$0.044