Titan Medical Inc (TMDIF)

[66Mustang]

It looks like Trixie sold (or leased) three systems last year, with two of them to be placed first quarter 2020 (and presumably the third has already been delivered). Over $8M revenue (projected) for 2019. Can't tell for sure but the new 510K filing may be a software-only upgrade.

What I find interesting is that when Titan has built product for testing, they historically put together more than one unit at a time, and that is obviously well before any possibility of being released for sale. But what piece of Trixie's business model prevents them from delivering to a customer for three to six months after booking an order? I hope Titan can learn from this - once approved, we will need to be able to deliver hardware when a customer places an order!

Maybe Trixie ran out of wheels. Four per pod times four pods plus another four at least for surgeon console...