Ra Medical Systems Inc (RMED)

[trickledownfacists]

DD : $RMED DD :

Current mkt cap: $25mm
Cash on hand: $34mm
Float: 2.4mm
20% insider owned
15% tute owned

Trading in the $8.00s as of today.
Cash value about $13.90 (using yahoo). Just about the same level as the 200ma.
Designs, develops, & commercializes excimer lasers as tools for the treatment of vascular and dermatological diseases.
Two FDA approved technologies:
?? DABRA
?? PHAROS
Total addressable market (TAM) believed to be $550M+.
TAM = revenue opportunity.
Holds 8 patents (US & international) covering several aspects of their laser systems.
Appointed new CEO earlier this year, Will McGuire.
?? Formerly the CEO of $EYES
?? Formerly the COO of Spectranetics, which was acquired by Philips $PHG for $2.2B / $38.50 per share (27% premium to last trading price).
Raised $12mm in August via offering @ .35/share. Adjusted for November 1/25 RS = $8.75 offering price