Earnings were good with good revenue and gross margins. I listened to the Conf. call and the Analysts were optimistic, Things are looking good we should see this move higher in the short and long term.
I own no stock, just follow this market. Why are you so down on NUVA i_fix_backs? They have $78 million in cash and equvalents as of the end of June and have burned $10 million YTD. They have grown 60% YTD and have not really had any implants to sell yet. With their new pedicle screw system I would think that they should do quite well. I don't believe you are a doc. Must be a disgruntled ex-employee or someone else with an axe to grind.
They burned 10 million in the first 6 months of 04. I calculated it from their end of 03 balance sheet, their just reported sheet and their P&L. They do have 70 million in cash from the IPO, so it will take a little time to burn through it.
Maybe it has to do with their high valuation, 260 million market cap with $40 million in sales if their lucky, huges losses,the fact that their product is copiable by the big guys, and that the Charite and Prodisc will be launch shortly and take away a big part of their market. Of yeah, I fax backs is right management is poor.