Titan Medical Inc (TMDIF)

[RobLowe3MD_TN]

Benchmark bots delayed until "later this year"

- More software engineering problems cited in the earnings call
- Now the added blame game around supply chain
- Cash is down to 20 million, less than 6 months left as of June 30, even less now
- Need to raise at least $50mm for 1 year of runway, need $150 to get to point where bots are being sold (if no more delays). Who the heck wants to fund $50 knowing another $100 is needed later on, and who wants to fund $150 in total when the company itself is worth less than half that?
- Lots of smiles, tic tocs, scoops, and booms to go around!

Company will be sold for scraps in a few months most likely