Not yet, trying to time the bottom, which means I’ll likely miss it…
I didn’t read it in detail, but I’m guessing the 14 mill raised was to (mostly) ramp up inventory. I hadn’t looked at their financials until now, as I was flipping it on that run-up, but their current ratio is outstanding; it’s 7-1 and their quick asset ratio is 5-1. Their gross profit margin is huge - 75%.
I don’t know if you’ve read about the CEO, but his background is incredible. They’ve got the foundation, now they have to build on it, although I wish I was in at $1, but that’s like a lottery…
I’m not going to wait long, though - I “gotta fish or cut bait.”
Shai Gozani is an impressive guy -
Shai N. Gozani, M.D., Ph.D.
Chairman of the Board, President, and Chief Executive Officer
Dr. Gozani founded NeuroMetrix, Inc. in 1996 as a spin-off from the Massachusetts Institute of Technology. He currently serves as Chairman of the board of directors and as our President and Chief Executive Officer. Dr. Gozani has led the Company from a venture capital backed start-up, through an initial public offering on Nasdaq, through development of a successful diagnostics business, and presently into the wearable technology sector. Over 2.5 million patients have benefited from the Company’s technology over the past 15 years.
Dr. Gozani has published over 30 peer-reviewed scientific articles and has been awarded 25 US and international patents. Dr. Gozani holds a B.A. degree in Computer Science, a M.S. degree in Electrical Engineering & Computer Science (Biomedical Engineering Focus) and a Ph.D. in Neurobiology, from the University of California, Berkeley. He also received an M.D. from Harvard Medical School and the Harvard-MIT Division of Health Sciences and Technology at M.I.T.
