Titan Medical Inc (TMDIF)

[longtermgems]

I just reviewed their milestone timeline and you're right it looks like revenue will be generated before 2018 if all goes to plan. I'd say mid-late 2017 because they plan on submitting SPORT to the FDA in Q4 of 2016. Add 6-9 months to that date for fda review, so you're not looking at fda approval until Q2 or Q3 of 2017. Once approved it takes roughly a quarter to open up the doors for sales (building actual units for sale, building distributor/sales force etc.)

Remember, Titan can't build up units and have them ready to sell until they receive fda approval because if the fda says they need to make a few small changes, they're screwed! So mid/late 2017 to start generating revenues actually makes sense. Europe will probably see sales before that but again, such a long process.

I'd say mid/late 2017 is right.

I'm invested in this space heavily. I watch every single company's movement as it is related to my own compny (indirectly at least). Study.