anonymous
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anonymous
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$60 was their original credit line not sales
what call?Nuvectra is on track to do $61 million in '17. That call was inspiring!!!
what call?
Employee only call
They did 5 million in Q1 based on earnings and they're going to get to $61 million total in 2017? That's 80% growth, quarter over quarter? That would be inspiring. But it sounds like cafepharma BS.Nuvectra is on track to do $61 million in '17. That call was inspiring!!!
They did 5 million in Q1 based on earnings and they're going to get to $61 million total in 2017? That's 80% growth, quarter over quarter? That would be inspiring. But it sounds like cafepharma BS.
Hard to believe but true
any truth to the above?They did 5 million in Q1 based on earnings and they're going to get to $61 million total in 2017? That's 80% growth, quarter over quarter? That would be inspiring. But it sounds like cafepharma BS.
No truth to the above.
Algovita is gaining nice momentum, though, and will post pretty good results for the year - but not $60 million.
A key event that will boost sales will be the FDA approval of full-body MRI compatibility. Plenty of doctors are ready to pull the trigger on implanting Algovita regularly once the device gets MRI approved. Look for the submission to the FDA this quarter and then approval 180 days later.
I anticipate that once the approval goes through there will be additional sales force needed and $60 mil will be surpassed.
Infrastructure is there already, just need more production
we'll get a good indication when they report Q2 earnings.any truth to the above?
No truth to the above.
Algovita is gaining nice momentum, though, and will post pretty good results for the year - but not $60 million.
A key event that will boost sales will be the FDA approval of full-body MRI compatibility. Plenty of doctors are ready to pull the trigger on implanting Algovita regularly once the device gets MRI approved. Look for the submission to the FDA this quarter and then approval 180 days later.
I anticipate that once the approval goes through there will be additional sales force needed and $60 mil will be surpassed.
When is FDA filing for MRI? Thanks
Per their CEO during the Q1 Earnings Call:
"We also remain on track with our regulatory filings for Algovita MRI conditional approvals with the FDA and our European Notified Body by the end of the second quarter. Upon regulatory approvals, this MRI feature will had another compelling element to the Algovita SCS system."
So within the next 20 days at the latest.
Correct me if I am wrong but full-body "MRI compatibility" is a long ways from full-body "MRI conditional".