INMD, Prospectus pages 61, 87, & 125
I finally after reading through 87 pages, found the answer about why the article I read said they're based in Lake Forrest Ca, even though they are headquartered in Israel. Here out of the prospectus...
" We service our products in three service centers: (1) the U.S. market is serviced through our facility in Lake Forest, California, (2) the Canadian market is serviced through our facility in Toronto, Canada, and (3) the rest of the world is serviced through our distributors and our facility in Yokneam, Israel."
Also here is an important section on seasonality on page 61...
Seasonality
"Our business is not significantly impacted by seasonality; however, our fourth quarter has historically generated slightly stronger operating results. We have historically experienced stronger sales in the fourth quarter in correlation with our customers’ spending patterns and budget cycles. Most physicians operate on an annual budget cycle with a fiscal year that begins on January 1. It is not uncommon to experience a higher level of purchasing activity from physicians in the final months and weeks of their fiscal year. Consequently, our fourth quarter revenues may be greater than other quarters. Our business is also impacted by general economic conditions, which may impact future seasonal variations."
Lastly on page 125 of the prospectus, the following chart shows how the insiders own 39% & Institutions own about 26% after the recent offering. That means there is only 35% of total shares in the float ! Here is a chart...
? ? ?
Beneficial Ownership
?
Name of Beneficial Owner:
? ?
Number of
Ordinary
Shares
? ?
Percent of
Ordinary Shares
Before the Offering
? ?
Percent of Ordinary
Shares After the
Offering
?
5% or more Beneficial Owners ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
Israel Healthcare Ventures 2 LP Incorporated(1)
? ? ? ? 4,667,754 ? ? ? ? ? 15.8% ? ? ? ? ? 13.5% ? ?
SpaMedica International SRL(2)
? ? ? ? 4,436,720 ? ? ? ? ? 15.1% ? ? ? ? ? 12.9% ? ?
Directors, Director Nominees and Named Executive Officers
? ? ? ?
Dr. Michael Kreindel(3)
? ? ? ? 5,188,100 ? ? ? ? ? 17.6% ? ? ? ? ? 15.1% ? ?
Moshe Mizrahy
? ? ? ? 6,069,278 ? ? ? ? ? 20.6% ? ? ? ? ? 17.6% ? ?
Dr. Hadar Ron(4)
? ? ? ? 89,450 ? ? ? ? ? * ? ? ? ? ? * ? ?
Bruce Mann(3)
? ? ? ? 26,835 ? ? ? ? ? * ? ? ? ? ? * ? ?
Dr. Michael Anghel
? ? ? ? — ? ? ? ? ? ?— ? ? ? ? ? ?— ? ?
Yair Malca(5)
? ? ? ? 169,955 ? ? ? ? ? * ? ? ? ? ? * ? ?
Shakil Lakhani(5)
? ? ? ? 1,135,120 ? ? ? ? ? 3.8% ? ? ? ? ? 3.3% ? ?
Dr. Spero Theodorou(5)
? ? ? ? 771,060 ? ? ? ? ? 2.6% ? ? ? ? ? 2.2% ? ?
Total for all directors, director nominees and executive officers as a group (8 persons)
? ? ?
?
13,449,798
? ? ? ?
?
45.7%
? ? ? ?
?
39.0%
? ?
?
