Interesting. The 20F states they are releasing a 2nd generation model during or prior to Q3 which makes me think its would be June or July. It also says it was only a portion of the units shipped that are being refunded and that they were covered by the manufacturers warranty.
It also says they are expecting to have the 2nd gen hardware secured in Q2 so that must be why we havent heard an updates yet. They must be in the final stages of the contract, I wonder if that means its a different vendor too?
In January 2023, we collected proceeds of $160,000 in relation to the December 2022 delivery of GluCurve Pet CGM units. These GluCurve Pet CGM units utilized first generation CGM hardware provided by Infinovo. A portion of the CGM hardware supplied to us did not meet the GluCurve Pet CGM specifications for the end users. Accordingly, we will provide either refunds or replacement CGM Hardware units to Covetrus for those units which did not meet the GluCurve Pet CGM specifications. We are working with Covetrus to determine the amount of refund or replacement CGM Hardware units we will be issuing and expect to be offsetting the related cost against a warranty claim from Infinovo. We are evaluating options to launch the second generation CGM Hardware for the GluCurve Pet CGM and expect to have our supply of the second generation CGM Hardware secured in Q2 2023 and the initial shipments occurring during or prior to Q3 2023
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