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Hot sector, Golden cross chart. Technology for the Future of Healthcare (NASDAQ: VUZI)

VUZI Has Tools for the Future of Healthcare

Golden cross formation on the chart, Oversold, Low float, Tele-medicine & wearable tech are both HOT sectors

Good day everyone,

We are initiating coverage of Vuzix Corporation (NASDAQ: VUZI), a company that designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices.

Current price $1.75 per share
Outstanding (est.) 33.1 million shares
Float (est.) 27.4 million shares
% Held by Insiders and Institutions approx. 28%
Cash on hand most recent quarter $10.61M
52-week range $.86 to $5.00

We have been watching VUZI shares for a while and feel like right now could be the time to talk about the shares given the current price. After bottoming out in mid-March, VUZI shares have gained some traction, eclipsing their 50 DMA of $1.41 and closing in on their 200 DMA of $1.95. A break past $1.95 may create a catalyst for the company shares to seek a new, higher resistance level.

Trading volumes were strong through April and the shares are leading their SMA 20, both potential indicators of trending shares.

VUZI shares are trading 65% off their 52-week high.

11.9% of the outstanding shares are held by insiders and 15.3% are held by institutions. Insiders with a vested interest in the company and institutions with professionals in tech investments.

Recent analysts target:
3/19/2020 Maxim Group Reiterated Rating Buy $3.50

Vuzix AR wearable display devices are worn like eyeglasses or attach to a head worn mount to view, record, and interact with video and digital content, such as computer data, the Internet, social media, and entertainment applications.

On May 5th, the company announced it has received a replenishment order for M400 Smart Glasses orders from Gemvision to support their efforts to meet COVID-19 remote healthcare needs in the Netherlands.

Two weeks ago, VUZI announced the commercial availability of a turnkey M400 Smart Glasses Remote Worker Connectivity Bundle powered by Sprint Curiosity™ IoT. The new connectivity bundle can offer COVID-19 tele-medicine support in rural hospitals, nursing homes and other remote medical facilities.

Remote healthcare and tele-medicine are the wave of the future. Many of us have already experienced tele-medicine during the Covid 19 pandemic as clinics and doctor’s offices remain somewhat closed.

By utilizing smart-glasses, nurses, EMTs and other front line healthcare providers could call and consult with a doctor while keeping their hands free to perform any treatment.

Wounds can be verbally described, but that is difficult. When a physician can view a wound, it helps greatly. The view of a patient seen by a medical professional wearing smart-glasses could be immediately shared with other members of the care team.

Patients with transmissible diseases, such as Covid 19, could be physically seen by fewer medical professionals, reducing the incidence of transmission, and reducing costs at the same time.

As we all begin to visualize what the world may look like after the Covid 19 pandemic, tele-medicine could play a regular role in healthcare. We believe VUZI could be at the forefront of that new paradigm and we believe the investment community may be evaluating that inevitability as the trend in VUZI shares indicates.

As part of your due diligence you should read this press release: https://finance.yahoo.com/news/telemedicine-usage-vuzix-m400-smart-151100219.html

VUZI offers extraordinary technology, offering benefit to the way we work and live. It is within our nature to resist wearing any kind of extraneous product on our heads (think of face masks). That aversion may be going by the wayside as we realize the benefits of minimal contact in today’s world.

In March, while addressing the current health crisis, the company stated, “there has never been a better time to work hands-free and remotely with AR smart glasses than today.”

The displays (glasses) VUZI sells can be engineered for the industries they partner with. Some partners VUZI has worked with include:

US Department of Defense
Verizon
Qualcomm
Tellus
Sprint

The VUZI intellectual property portfolio consists of over 150 patents.

VUZIX utilizes Waveguide technology. Waveguides are thin (about 1 mm), transparent, optical elements that take a projected virtual image and relay it to the eye while expanding the exit pupil (viewing window) at the same time. Waveguides are transparent, so the smart glasses do not need to be removed to complete other tasks. This is the technology that sets VUZI apart from the competition.

In a significant development, the company recently announced that their M400 Smart Glasses are now supported by Bitnamic, a German-based software company that develops smart services for remote service, inspection, and maintenance of highly complex machines. If the technician wears Vuzix M400 Smart Glasses during the live broadcast, there is no need to look at a smartphone or tablet.

Products
Vuzix Blade Smart-glasses – Blade is a new way to use smart glasses. Waveguide optics project a see-through image to the user. These advanced optics do not obstruct regular vision and allow the user to perfectly switch between the digital world and reality. Sold in two models.

M-Series Smart-glasses – The Vuzix M-Series boasts the new M400 and cost-effective M300XL. Both models are rich in features, including nHD color displays, voice control, touchpad navigation, three axis gyroscope integrated head-tracking, 64GB internal flash memory, and left or right eye use.

Vuzix Labs Smart Swim – Smart Swim™ is a head-up display for swimmers, providing workout status and information about their swim. This enables users to continue uninterrupted and reach optimum performance.

Vuzix Remote Assist – Vuzix Remote Assist (VRA) is a streaming video app optimized for the growing lineup of Vuzix Smart Glasses. VRA increases productivity and customer satisfaction by sharing information between field technicians and remote support experts.

VUZIX also sells a complete line of accessories, apps, and merchandise.

VUZI shares are closing in on their 200-day moving average of $1.95 per share after crossing their 50 DMA last month. A break past these moving averages can mean the shares are ready to find a new, higher resistance level. Recent gains have caused VUZI shares to lead their SMA 20 by 10.9%.

VUZI Chart – https://stockcharts.com/h-sc/ui?s=vuzi

VUZI, as a leader in smart-glasses technology, could be at the forefront of a worldwide trend. Their continuing improvement in their products may expand the markets available to them. We believe their shares may reflect that status in the near term.

The Team

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What Happened to Valeant Pharmaceuticals?

It is interesting to see what is happening to Valeant Pharmaceuticals Intl Inc. (NYSE: VRX) ever since activist investor Bill Ackman announced that he had gotten rid of his stake in the pharmaceutical giant from Canada at a loss amounting to reportedly USD $ 2.8 billion or possibly even more. Bill Ackman’s Pershing Square Capital Management was the largest individual shareholder in the company spending an inordinate amount of time on a vast and expensive, highly publicised campaign to rejuvenate the stock price, which had declined by more than 90% since the commencement of the investment in the company. Mr Ackman pointed out the failed nature of the company business model, in which acquired assets were financed through borrowing, and success relied on product price increases before generics cut into market share. Since selling the stake, Ackman has been a strong critic of strategic errors from former CEO Michael Pearson and now feels that the time and effort required to revive and revitalized company may not be worth it.

 

What is wrong at Valeant

 

Mr. Pearson may be gone but investors were disappointed earlier this month when news broke that current CEO Joseph Papa took home a combined $62.7 million. This included a base salary of $980,769 a bonus worth $9.125 million and stocks and options worth nearly $52 million.

This was while Valeant’s stock lost nearly 62% of its value over the past year.

 

As at the end of December 2016, the company had $ 30 billion in debt balance by only $ 2 billion in operating cash flow and $ 3 billion in equity. At first glance, it would appear that the company will be unable to handle its debt problems and return value to investors. Most of the smart professional fund managers have fled the stock. While not following these professionals blindly, it is important to see how they act, especially if they have money in the game which they risk losing. Until recently, the stock was owned by most of the big hedge funds. The Sequoria Fund sold its stake, which costs the fund, $ 1 billion and ended the long career of manager Robert Goldfarb. Now Bill Ackman, till recently the biggest defender off the company, sold his stake acquired at an average of $ 196 a share for around $ 11 a share and the resulting loss of $ 2.8 billion is one of the biggest losses in the history of hedge funds. It looks as if fund managers have decided to sell to recover whatever money they can and only a few of the faithful, such as John Paulson remain.

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Investors should worry because Jim Chanos is arguably one of the most famous short sellers and contrarian investors and is reportedly short on the stock. He has shown a talent for finding problems in regulatory findings overlooked by many other investors and is famous for shorting stocks at their peak at a time when they are loved by Wall Street. Eventually, of course, the reality catches up, the stock price drops and Chanos takes his profits. He has compared this company with Enron at a time when the stock was a darling of Wall Street. He started shorting VRX when it is trading at $ 100 per share, noting that the lack of organic growth, the acquisition spree and aggressive accounting policies made him unhappy. Under previous CEO Michael Pearson, VRX did little drug research with R&D spending only around 3% of sales. Instead of the norm of 15% to 20%. Instead, the company would pile on debt to buy existing pharma companies and show profitability by reducing R&D spending and raising the prices of the acquired drugs.

 

Many people disliked the controversial strategy, including politicians who got the Senate to summon the company to Capitol Hill to question them about drug pricing. Long time Warren Buffett associate Charlie Munger accused the company of robbing hospitals. The company then promised to cut prices, even though some hospitals complained that they had achieved no cost savings. Moreover, a criminal probe was opened last year into the company and its relationship with Philidor the company in the mail order pharmacy business.

 

The financial problems

 

The growth by acquisition financed by large amounts of borrowing left it with a humongous amount of debt of around $ 30 billion. In contrast, the market capitalisation is only $ 3.71 billion and the revenue last year was only $ 9.67 billion. Metrics such as debt to equity of 9.47 and operating cash flow to that of 0.0699 do not look impressive. Moreover, the company made the inexplicable decision to take on a further $ 10 billion in debt as its stock price reached a high of $ 200 a share in March 2015. Prudence would have dictated an equity offering at high stock prices instead of additional debt. Twice last year, the company had to strike deals with creditors to relax the terms of its debt covenants and one third of the $ 10 billion in debt is floating rate borrowing. In an era where interest rates are expected to rise, an additional 100 basis points in interest rates will increase the interest bill by another $ 100 million.

 

Conclusion

 

While VRX stock has certainly disappointed many hedge fund and individual investors with a monumental stock price fall, and a bleak looking financial future, it should be noted: the VRX product pipeline has many products including household names like Bausch & Lomb and Wellbutrin. The current stock price is near a 9-year low and close to its book value. Annual revenues are still almost $10 billion and as recently as March 23, 2017, RBC Capital Markets issued a “sector perform” rating with a target of $18-23. The company was founded in 1983 and is headquartered in Laval, Canada.

 

 

Source: Broad Street Alerts Editor

 

About Broad Street Alerts

Big Opportunities in Small Cap’s

Broad Street Alerts recent profiles and track record, 534% in verifiable potential gains for our members on 3 small cap alerts alone!

 

January 31st, 2017- (NASDAQ: HIMX) opened at $5.10/share and hit a high of $9.68/share March 24th, 2017 for gains of 89% within 60 days-

 

February 6th, 2017- (NASDAQ: SCON) opened at $1.12/share hit a high of $1.80/share within 10 days our member potential gains- 60% –

 

March 6th, 2017- (OTC: USRM) opened at .035/share and hit over .17/share within 25 days for gains of 385% for our members-

 

These are numbers that make traders drool. Any trader in any market would fall all over themselves to see numbers like this. So, if you’ve been on the fence, perhaps it’s time to start doing some research and verify our numbers for yourself. We are constantly raising the bar and separate ourselves from the rest of the small-cap newsletters as the best in business.

 

We know with a large following comes a large responsibility as we have everyone from institutional investors to the beginner following our profiled securities in our newsletters. This is something we take very seriously always seeking small cap growth companies that have both near and long-term potential for our members.

Is There a Path to Profitability for Novavax

Novavax, Inc. (NASDAQ: NVAX), a clinical-stage vaccine company, focuses on the discovery and development of recombinant nanoparticle vaccines and adjuvants. Through its recombinant nanoparticle vaccine technology, it produces vaccine candidates to treat both known and newly emerging diseases. The product pipeline focuses on a range of infectious diseases with vaccine candidates in clinical development for respiratory syncytial virus (RSV), seasonal influenza, pandemic influenza, and the Ebola virus (EBOV). The lead adjuvant for human applications, Matrix-M, is in clinical trial for pandemic influenza H7N9 vaccine candidate. It is also testing Matrix-M in conjunction with its EBOV vaccine candidate in a clinical trial. It is developing additional pre-clinical stage programs in a range of infectious diseases, including Middle East respiratory syndrome (MERS).

 

The share price of the company continued to decline downwards in March and fell some 15% and this decline appears to be the cause of the lack of clinical data and the expected cash burn rate. In the middle of September, the company had shocked and stunned investors after announcing that phase 3 trial (RESOLVE) of RSV F vaccine as a treatment for respiratory syncytial virus (RSV) in adults ages 60 and up had failed to meet its primary endpoint. The study also listed the secondary endpoint and did not show the requisite efficacy of the vaccine. Shares fell by more than 80% following this announcement and have yet to recover. The company is not giving up on the RSV vaccine and is continuing to run the phase 3 trial to prevent RSV in infants through the process of maternal immunization. It is also trying once again with older adults in a phase 2 trial with one and two formulations of doses, both with and without adjuvants. Clearly, it will take some time for additional data to emerge.

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The bigger worry for investors is the rate at which the company is burning cash. At the end of 2016, the company had $ 234.5 million in cash and cash equivalents and, while this might sound adequate, it burnt more than $ 255 million in net cash in its operating activities last year. Even though the cash burn is likely to reduce with the completion of the RESOLVE trial involving 12,000 people, the quarters ahead are likely to see the company facing other large costs, leading to potential concerns about funding. A large part of the company’s future hinges on the PREPARE trial for the RSV vaccine. Other than the RSV vaccines in the pipeline, there is nothing else in the product pipeline in clinical trials apart from an Ebola vaccine and the need for this Ebola vaccine no longer has the same urgency because of the response of many countries to the earlier crisis. Even if the company developed an Ebola vaccine and secure the necessary approvals from the FDA and other global regulatory agencies, there is no assurance that this will produce enough revenue to result in a positive cash flow.

 

What the market and analysts think

 

The stock has been given a one-year price target of $ 3.58 and has a consensus recommendation of 2.67 on Zacks Investment Research on a scale showing 1 as a strong buy and 5 as a strong sell. On December 16, 2016, the company reported an EPS of – $ 0.21 per share compared to the analyst estimate of $ -0.23 per share and earnings surprise of 8.7%. For the current quarter, analysts expect the average EPS to be $ -0.16 per share, with a low of $ -0.18 per share and a high of $ -0.13 per share.

 

The company is expected to make its next earnings report in the first week of May 2017. Analysts have predicted average revenue estimates of 6.17 million with a low revenue estimate of 4 million and a high revenue estimate of 9 million. A year ago, the company had sales of 4.22 million. One analyst has rated the stock as a Strong Buy, one has given a Buy recommendation and seven have rated it as a Hold. When it comes to the price target, six analysts have reported that the price target might touch a high of $ 12, whereas the average price target is $ 3.58 and the low-price target is $ 1.5. The stock was downgraded on September 16, 2016, when Citigroup downgraded the stock from Buy to Neutral.

 

Source: Broad Street Alerts Editor

 

About Broad Street Alerts

Big Opportunities in Small Cap’s

Broad Street Alerts recent profiles and track record, 534% in verifiable potential gains for our members on 3 small cap alerts alone!

January 31st, 2017- (NASDAQ: HIMX) opened at $5.10/share and hit a high of $9.68/share March 24th, 2017 for gains of 89% within 60 days-

February 6th, 2017- (NASDAQ: SCON) opened at $1.12/share hit a high of $1.80/share within 10 days our member potential gains- 60% –

March 6th, 2017- (OTC: USRM) opened at .035/share and hit over .17/share within 25 days for gains of 385% for our members-

These are numbers that make traders drool. Any trader in any market would fall all over themselves to see numbers like this. So, if you’ve been on the fence, perhaps it’s time to start doing some research and verify our numbers for yourself. We are constantly raising the bar and separate ourselves from the rest of the small-cap newsletters as the best in business.

We know with a large following comes a large responsibility as we have everyone from institutional investors to the beginner following our profiled securities in our newsletters. This is something we take very seriously always seeking small cap growth companies that have both near and long-term potential for our members.

 

 

The Continued Growth of Legal Cannabis Revenues

MassRoots, Inc. (OTCQB: MSRT) offers technology platforms for the cannabis industry and its mobile applications enable consumers to provide community-driven reviews of cannabis strains and products to enable the making of cannabis purchasing decisions. Through mobile applications and their Web portal, users utilize MassRoots to share cannabis content, stay on top with the legalization news and follow the dispensaries that they prefer. The mobile application features dispensary finder and menus; product pages and reviews, and Sponsored Posts 2.0 as well as business dashboards featuring MassRoots’ product data in actionable formats. It focuses on introducing other features for users and indexes the network’s public content on Google for software engine optimization (SEO) value and gains insights into consumer trends by consolidating data from various cannabis consumers.

 

About marijuana

 

New legislation is being introduced in the U.S. to legalize marijuana at the federal level. Legal sales are already more than $ 6.7 billion annually and the illicit nature of usage rules out the availability of exact figures, but it is estimated that by the year 2027, 10% of the population could be using marijuana at least once every month. The market is being depressed because of the uncertainty regarding the legality of usage, but this can be eliminated with federal legalization which would increase demand. According to Forbes, legal marijuana sales in North America total $ 6.7 billion in 2016 and these figures are only a small portion of the total sales and consumption of the substance in North America.

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Usage has been steadily increasing for your according to the ” National Estimates of Marijuana Use and Related Indicators”. In 2002, roughly 6.2% of the American population used marijuana at least once in the prior month and this increased to 8.4% in 2014. The best estimates suggest that an annual growth rate of roughly 2.4% is feasible and by this estimate, by 2027, approximately 10% of the population will consume marijuana at least once in any month. The growth rate annually suggested by Forbes of 25% appears to be reasonable.

 

Company overview

 

The company is, as mentioned, a social networking platform for the use of people enthusiastic about marijuana and has announced 1 million registered users as of March 20, 2017. Through the mobile application, consumers can rate products and strains based on efficiency, such as effectiveness in back pain and epilepsy, and provides them with a basis for making good purchasing decisions at local dispensaries. In December 2016, the company implemented an expansion through the acquisition of DDDigital, Inc, which owns Whaxy a cannabis dispensary medical marijuana ordering system. It should be noted that NASDAQ continues to refuse public listing for marijuana companies because of concerns about its legality. The stock is trading at below one dollar, but would have to trade at more than $1 for a public listing. Up to the time of rejection by NASDAQ, the shares were trading in excess of $ 1.67 and this price could be achieved again if there is a change in federal regulations and a new attempt at an IPO. Even if the current Federal legalization attempt fails, it is unlikely that the federal government will be able to successfully oppose states which have already legalized cannabis and the medical marijuana companies who are benefiting.

 

 

Recent updates from the company

 

MassRoots has released an update about the legal cannabis marketplace and its own achievements. The company has reported that so far in 2017, it has raised just under $ 3 million with the exercise of its $ 0.90 warrants. This development resulted in the company achieving its strongest cash position ever. CEO Isaac Dietrich said that the main goal of the company was to expand its market share to 25% to 35% of cannabis clients in regulated cannabis industries during 2017. With increasing usage of cannabis purchasing decisions in the company platform, it can deliver increased volume and traffic to its preferred dispensary partners. The company has developed a strong database of business partners and loyal users to help them to capitalize on the opportunities. MSRT has also released significant upgrades to its mobile applications and has finalized plans for key personnel acquisition. They believe that the reorganization efforts will grow revenue, expand the user base and help in the increase of overall shareholder value. It is also announced the closing of its acquisition, DDDigital and Whaxy.

 

The bottom line

 

The company has announced the launch of its updated business portal, which enables businesses to carry out targeted marketing exercises to over 1 million portal users. The businesses can review analytics, schedule posts and carry out management of product data. The company noted that the financial results for FY 2016. Did not contain income from their recent acquisition, which was only completed in the start of FY 2017. The company’s mobile app has been listed once again on Google Play. Most encouragingly, the update reported that all long-term debt has been retired by the company. They also have multiple advertising and branding deals being negotiated with leading brands from the medical cannabis industry.

 

Source: Broad Street Alerts Editor

 

About Broad Street Alerts

Big Opportunities in Small Cap’s

Broad Street Alerts recent profiles and track record, 534% in verifiable potential gains for our members on 3 small cap alerts alone!

January 31st, 2017- (NASDAQ: HIMX) opened at $5.10/share and hit a high of $9.68/share March 24th, 2017 for gains of 89% within 60 days-

February 6th, 2017- (NASDAQ: SCON) opened at $1.12/share hit a high of $1.80/share within 10 days our member potential gains- 60% –

March 6th, 2017- (OTC: USRM) opened at .035/share and hit over .17/share within 25 days for gains of 385% for our members-

These are numbers that make traders drool. Any trader in any market would fall all over themselves to see numbers like this. So, if you’ve been on the fence, perhaps it’s time to start doing some research and verify our numbers for yourself. We are constantly raising the bar and separate ourselves from the rest of the small-cap newsletters as the best in business.

We know with a large following comes a large responsibility as we have everyone from institutional investors to the beginner following our profiled securities in our newsletters. This is something we take very seriously always seeking small cap growth companies that have both near and long-term potential for our members.

InMed’s Enviable Cannabinoid Research Now Used by Other Biotech Firms

InMed Pharmaceuticals Inc. (OTCQB: IMLFF) is a pre-clinical stage biopharmaceutical company specializing in the research, development, and commercialization of cannabinoid-based therapies to treat human diseases with high unmet medical needs. The Company has three core assets: a proprietary Bioinformatics assessment tool to match individual (or combination of) cannabinoids against disease targets; a proprietary Biosynthesis cannabinoid manufacturing system to economically produce all 90+ cannabinoids at pharmaceutical-grade (>99.5% purity); and drug development program enabled by the two tools (explained below).

The company was founded by Chris Bogart and Craig Schneider on May 19, 1981 and is headquartered in Vancouver, Canada.

During 2016, InMed achieved some significant milestones, including induction of strong biopharmaceutical expertise in their senior management team; Financial closures to fund continued drug/disease target identification; advanced analysis of existing datasets to ensure clinical development plans are accurate and positioned to maximize the likelihood for positive outcomes; Validation and advancement of the manufacturing process; filing of provisional patents; and Expanded scope of opportunities for cannabinoid-based products.

The company continues to focus on research into fundamental benefits of cannabinoid drugs to address high unmet medical needs; selective advancement of high-potential drug candidates; identification and retention of industry veterans to define and execute the present & future drug development programs in a time- and cost-effective manner; collaboration with biotech-savvy investor groups & exploration into the partnership potential of the various programs and assets.

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The company’s innovative database that maps out various cannabinoid combinations and the various diseases that they can address was initially created to assist the company in their internal research. Recently, that database has become a core asset as other biotech companies have come forward willing to pay for access. The system currently contains more than 90 different cannabinoid structures that are assessed using a bioinformatics algorithm that screens these structures against other drugs, diseases, and genetic profiles, among other key R&D relevant criteria.

Product Pipeline

InMed Pharmaceuticals is currently developing two products in its drug pipeline: INM-750, for the treatment of Epidermolysis Bullosa (EB patient population: ~25K in USA & expected Potential of ~$1B), and INM-085, for the treatment of Glaucoma (Glaucoma patient population: >2.7M in USA & global market of >$5B).

Epidermolysis Bullosa (EB) is group of inherited connective tissue diseases that share a common manifestation of extremely fragile skin that blisters or tears easily from friction or trauma. Internal organs and bodily systems can also be affected by EB. EB is an orphan disease with no currently approved treatments and has a significant unmet medical need. INM-750 will potentially be the first therapy designed and developed specifically to modulate disease activity and to alleviate symptoms in EB. In March 2017, the company announced the filing of an international Patent Cooperation Treaty (PCT) application, an important component in providing intellectual and commercial protection for INM-750.

INM-750 includes multiple cannabinoids as the active ingredients:

  • The cannabinoids included in INM-750 were selected to modulate keratin levels in patients with EB with the expectation of having a disease modulating effect
  • A secondary consideration in selection of the cannabinoids was addressing symptoms of EB such as inflammation, wound healing, skin regeneration, itching, and pain
  • INM-750 is being developed for topical application, designed to maximize penetration of the cannabinoids to the epidermal / dermal junction in the skin.

INM-085

Glaucoma is a group of eye disorders which result in damage of the optic nerve. The damage is most often caused by an abnormally high pressure in the eye and is one of the leading causes of blindness in the developed world.

INM-085 will be the first ever glaucoma treatment developed that is a multi-target, multi-mechanism of action therapy, utilizing multiple cannabinoids for optimal efficacy. The cannabinoids in INM-085 have been selected to reduce the elevated intra-ocular pressure (IOP) in the affected eyes and provide neuroprotection for the retinal ganglion cells (RGCs) and other optic nerve tissues.

INM-085 is designed as a topical formulation to be administered directly to the eye. The formulation that has been designed by InMed is a proprietary polymer-based formulation to facilitate absorption of the cannabinoids into the eye while also being well tolerated by the patients. They envision a once-a day application, at bedtime, to deliver effective dose levels of INM-085.

In an industry driven by discoveries of newer therapies which either replace older therapies or fulfill unmet therapeutic needs, the presence of new therapies like INM-085 & INM – 750 in the company’s basket is a key differentiating factor. This is expected to command a premium and witness relatively higher growth rates. However, products in project stage at times also constrain the company’s business risk profile until the commercial viability is established.

InMed has no debt on its books derived from borrowing. The company has financed it operations thus far through the sale of shares. In February of 2017 a total of 10,672,750 common share purchase warrants were exercised at a price of $0.13 per common share. Proceeds from the exercise of these warrants totaled $1,387,458 and 10,672,750 common shares were issued from InMed’s Treasury.  The net proceeds from this private placement will be used for general working capital purposes.

Risk Factors

THE pharmaceutical industry is highly fragmented and encompasses aspects of health care such as medicine and diagnostic kits. The industry is immune to economic cycles unlike other industries where macro-economic fundamentals play an important role in determining overall demand levels. This has translated to fairly steady historic growth rates for the industry in the past.

That said, InMed is still a pre-clinical stage biopharmaceutical company and has not yet generated meaningful revenue and will likely operate at a loss as it grows its user base and seeks ways to monetize it.  Therefore, any time or cost overrun in its ongoing projects and its impact on their business & financial profile will remain a key business sensitivity factor.

The company’s projects might entail significant incremental financing. Their ability to secure required financing will depend in part upon on investor perception of the company’s ability to create a viable business.

Furthermore, factors such as pricing ability, product quality, geographical diversity and product range would also affect the business risk profile of the company.

These weaknesses are partially mitigated by extensive track record of management with strong R&D experience with a particular emphasis on clinical development and regulatory affairs. Management’s adequate knowledge and network in the field of drug development will play a significant role in advancing InMed’s products through the clinical and regulatory process. Also, the financial risk profile of the company is benefitted by its conservative capital structure and low debt burden.

Conclusion

While the financial metrics at InMed may not appeal to all investors, it should be noted that this is a development stage company. As such, investors may want to look toward the potential involved with the company’s cannabinoid research and product pipeline

Source: Broad Street Alerts Editor

 

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