Salient Surgical Technologies

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Anonymous said:
At last check, I think most orthopedic implant companies are running at margins of just over 75%. This is not uncommon in the market space we operate in. Having said this, I am still scared about the impact of competition comming to the markert place. How can we fight against a product at less than half our price?
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Well, had our clinical affairs director been clinical and not an accountant, we might have studies that show clinical and economic benefit. Had we spent our money there instead of on developing products that do not come to market or are of little benefit ie; MBS, EVS, we may actually have a shot. But, not now!
 






























Well its not hard to stop this thread when you have a few salient reps and a bunch of haemonetics reps driving this shit train. Maybe they all realized how shitty this job is and quit.
 












Personally, I've spent my time putting together a letter to the board, only unlike the last one crafted by JD there are no personal attacks, only business and management issues.
 






Is the company turning a profit yet? I have been told they are still losing money and still trying to raise VC money after 10 years, but also find there to be alot of misinformation from disgrunteled former reps... Any accurate info on company's financial health and outlook? Thanks!
 






Anonymous said:
Is the company turning a profit yet? I have been told they are still losing money and still trying to raise VC money after 10 years, but also find there to be alot of misinformation from disgrunteled former reps... Any accurate info on company's financial health and outlook? Thanks!
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I believe we came close last fall but..........I don't believe we've hit it yet. We did get more VC money which there is a link for on this board. Being private, we do not have to release that info and I question how well everything is audited. I do know, nobody really values stock options as an incentive anymore.
 






All that stuff about being 'profitable' before taxes, depreciation, etc. is all garbage. A profit means real profit, not made up numbers by accounting. It's sad really that people believe this place is going to survive the year. Good for whoever is sending a letter to the board - it's long overdue and it's about time they started caring about something other than Joe's ego.
 






despite the downsides, the company has a real shot at long-term survival given recent activity (within/out the org). as far as overall profitability, that's another issue, but if you're a rep, you may want to hang on.... good things come to those who wait (and work hard). employee-owned? unlikely. more venture cap? perhaps. major takeover?

as long as you're open to minimum wage with lots of stock options, this company could be your ticket out. if you can wait 10-15 years. without benefits.

heads up
 






Anonymous said:
despite the downsides, the company has a real shot at long-term survival given recent activity (within/out the org). as far as overall profitability, that's another issue, but if you're a rep, you may want to hang on.... good things come to those who wait (and work hard). employee-owned? unlikely. more venture cap? perhaps. major takeover?

as long as you're open to minimum wage with lots of stock options, this company could be your ticket out. if you can wait 10-15 years. without benefits.

heads up
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ROFL!!!!!
 






My guess is you have never made any MONEY! Myself and others have done very, very well here... if you can sell - you can make the money - if you can't - then you come on here and whine.
 






Anonymous said:
My guess is you have never made any MONEY! Myself and others have done very, very well here... if you can sell - you can make the money - if you can't - then you come on here and whine.
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How are you going to sell against a product that does the same thing at less than half the price? Hope you have some strong relationships! Maybe some with recruiters...
 


















In the early days, yes there were reps who made over $200K. However to float the direct model boat and even have a shot at profitability, Eastwood and Co. kept cutting salaries and commissions, including commissions to agents they once had.

That started a downward spiral which has been made so clear by the obcene turnover. JA cannot run this like USS. Different times and different product(s). Then again USS is now held up as one of the great business model ..failures.
 


















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