Von, have you found any way to check progress on Novadaq equipment placements? ISRG has a web site listing doctors and hospitals with their machines which can be monitored, but I have found nothing even anecdotal that helps in judging NVDQ's marketing progress.
This upcoming Jan 13 presentation has been on the company website for a while....it did not just pop up yesterday. Nevertheless It would be nice if the company preannounces positive results.
Yesterday, the company announced that Arun will be presenting at the JPMorgan healthcare conference on 1/13/15 at 8:30am.
On 1/14/14, the day of the 2014 JPMorgan healthcare conference, Novadaq preannounced 4th quarter and full year revenues. The preannouncement allowed Arun to discuss those revenues when he made his presentation that morning.
During the 4th quarter of this year, Arun, on more then one occasion, and as late as late November, indicated that the company would meet it's overall 2014 revenue growth rate forecast of 40%. That would require 2014 revenues of at least $49 million. Given the fact that aggregate revenue for the first three quarters of 2014 was $33.6 million, the company will have to do revenues of $15.4 million in the 4th quarter. That would represent a 50% year over year increase in the 4th quarter and a 27% increase quarter to quarter. I believe everyone here would agree that those would be great numbers. So, let's hope for a preannouncement.
Fits the pattern Endo. I would love to have NVDQ go positive ongoing earnings in Q4. That would leave 3.6 million shares to be covered as the price passes $25@. Once this company with it's razor/razor blade business model goes positive it will never look back. I think the recent price movement is not driven by fundamentals but fear of further shorting in the light of positive earnings possibilities. The volumes, accept for a few institutional purchases (the vast majority of these are accumulation not distribution) are meager at best. The tale will be told in 30-45 days.
Thanks for the data point Endo.
Short interest increased 428,000 shares to 3.659,000 shares for the period ending 12/15.
Bear in mind that the LifeNet health distributor agreement press release happened on 12/10.
The stock rallied dramatically on that news and continued up for the next two days. On 12/15, the stock declined substantially. Imho, that was the day this substantial increase in short interest happened.
The Lord Jesus Christ is the greatest gift. He has been gracious to me. I thank you one and all for all your help and insights as well as asking the hard and probing questions. Without those on this board and Fish from the ISRG board I would not have found NVDQ and invested.
Again Thanks to you all.
Endo and others,
Happy and safe Holidays! Merry Christmas! Wish you guys prosperous 2015, hopefully NVDQ will reward you as you guys hope for!
Fully concur. That what I saw too when I read the statement...WE ARE ENTERING A STAGE OF ANTICIPATED RAPID GROWTH. That is, above the historical 40%.
(from the comp[any website)
"We are entering a stage of anticipated rapid growth,” said Dr. Menawat"
Most companies manage expectations by giving conservative guidance.
Management must be quite certain or else they'd be setting up the share price for a future collapse.
They are definitely gearing up for 60% or greater growth. Probably triple digit growth for the next three years. Von, it seems to me they had no problem ramping up manufacture of the their capital machines 100% even 200% over their current rate. Do you or anyone know what their maximum rate is? Will they need to add an additional shift to go higher? At what point would even 24 hour production fail to keep up? If they announce the purchase of or long term lease of a new manufacturing facility we could view this as a confirmation of their triple digit growth estimate...
Thoughts one and all?
Excellent changes in the management team, especially pleased with bigger roles for Rick Mangat and Roger Deck. Much more streamlined, knowledgeable and forceful...looking forward to a great 2015!
Thanks for connecting the dots. Thanks also to Flamfurter for his comments. So, Arun waited until his team officially took over the marketing of Spy-Elite to pull this rabbit out of the hat. This new agreement had to have been in some form of development even prior to the settlement being reached with Lifecell. Remarkable!!