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Brain Scientific Inc. (BRSF)

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Previous Close0.3500
Open0.3500
BidN/A x N/A
AskN/A x N/A
Day's Range0.3500 - 0.3500
52 Week Range0.1160 - 1.9500
Volume111
Avg. Volume13,106
Market Cap7.167M
Beta (5Y Monthly)-4.21
PE Ratio (TTM)N/A
EPS (TTM)-0.1910
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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  • GlobeNewswire

    Brain Scientific Enters into Merger Agreement with Piezo Motion

    Closing Contemplates Minimum $5 Million Capital Investment For Combined CompanyNEW YORK, June 16, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Brain Scientific Inc. (OTCQB: BRSF), a neurology-focused medical device and software company, announces today that it has entered into a definitive merger agreement to acquire Piezo Motion Corp., a leading innovator of high-precision piezoelectric motion technology. The merger, upon its closing, is expected to expand the overall market reach of both compan

  • GlobeNewswire

    Brain Scientific Receives Purchase Order and Begins Shipping Its Pediatric NeuroCap™ EEG Headsets

    NEW YORK, May 24, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Brain Scientific Inc. (OTCQB: BRSF) (the “Company”), a neurology-focused medical device and software company, today announces that Maine Medical Center has placed an order for a limited supply of the Company’s pediatric NeuroCap™ disposable EEG caps for use with its pediatric patients. Maine Medical Center is a 637-licensed-bed teaching hospital for Tufts University School of Medicine with a staff of over 6,000. “We are happy to provide our pediatric EEG products to Maine Medical Center. The NeuroCap for children is designed to address the need for comfort, speed and reliability within the pediatric population. We hope that Maine Medical Center and other hospitals see the benefits of using the product on an ongoing basis,” said Amy Griffith, VP Strategy and Business Development for the Company. The Pediatric NeuroCap headset is designed to assist clinicians in overcoming common obstacles when conducting an electroencephalogram (EEG), including measuring and marking the patient’s head, scrubbing the scalp and conducting required sanitation protocols afterward. The Pediatric NeuroCap has 22 pre-gelled electrodes, in accordance with the 10-20 international system, and can be used for EEG studies up to four hours in length. The need for EEG testing among children stems from various underlying symptoms and conditions, including epilepsy, seizures, sleep troubles, brain infections and neurological disorders. According to the American Academy of Pediatrics, epilepsy has become one of the most common neurological disorders seen in children. There are about 3.4 million people with epilepsy nationwide: 3 million adults and 470,000 children. Additionally, about one in 26 people will develop epilepsy at some point during their lifetime. Around 50 million people worldwide have epilepsy, making it one of the most common neurological diseases globally. The World Health Organization estimates that up to 70% of people living with epilepsy could live seizure-free if properly diagnosed and treated. Brain Scientific is working to help better equip healthcare facilities nationwide with its easy-to-use solutions for children while providing convenience and comfort. About Brain Scientific Brain Scientific is a commercial-stage healthcare company with two FDA-cleared products, providing next-gen solutions to the neurology market. The Company’s smart diagnostic devices and sensors simplify administration, shorten scan time and cut costs, allowing clinicians to make rapid decisions remotely and bridge the widening gap in access to neurological care. To learn more about the Company’s corporate strategy, devices or for investor relations please visit www.brainscientific.com or email info@memorymd.com. Forward-Looking Statements Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations, are generally identifiable by use of the words “may,” “should,” “would,” “will,” “could,” “scheduled,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “seek” or “project” or the negative of these words or other variations on these words or comparable terminology. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances, and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to several risks and uncertainties and other influences, over many of which the Company has no control. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the Company's inability to obtain additional financing, the significant length of time and resources associated with the development of our products and related insufficient cash flows and resulting illiquidity, the Company's inability to expand its business, significant government regulation of medical devices and the healthcare industry, lack of product diversification, volatility in the price of the Company's raw materials and the Company's failure to implement the Company's business plans or strategies. These and other factors are identified and described in more detail in the Company's filings with the SEC. The Company does not undertake to update these forward-looking statements. Corporate Communications:InvestorBrandNetwork (IBN)Los Angeles, Californiawww.InvestorBrandNetwork.com310.299.1717 OfficeEditor@InvestorBrandNetwork.com

  • GlobeNewswire

    Brain Scientific Files Its Annual Report on Form 10-K Announcing 2020 Results

    NEW YORK, April 19, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Brain Scientific Inc. (OTCQB: BRSF) (the “Company” or “Brain Scientific”), a neurology-focused medical device and software company, filed its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2020, with the U.S. Securities and Exchange Commission (SEC). Brain Scientific is a neurodiagnostic and predictive technology platform company seeking to provide a centralized platform for data acquisition and analysis of EEG data that combines innovative medical device technologies with cloud-based telehealth services. The Company focuses primarily on establishing diagnostic protocols to identify pathological risk factors involving the brain and driving novel insights into cognitive health that support early treatment of neurological disorders. Brain Scientific’s key products, NeuroCap, a pre-gelled disposable EEG headset, and NeuroEEG, a 16-channel, portable, wireless, miniature EEG amplifier, were cleared for marketing by the U.S. Food and Drug Administration (FDA) in 2018. 2020 Highlights The Company is bringing the production of NeuroCaps to the U.S. during 2021 and has already evaluated several possible manufacturers.A commercial roll-out of the NeuroEEG™ and NeuroCap™ is underway on a limited basis within the United States market, expected to be followed by the Canadian market.The initial entry market is identified as ICU’s, acute care settings and other emergency departments in the United States.The Company has established a wholly owned subsidiary in Russia and has established a wholly owned subsidiary in Europe (Poland) for product distribution and certification.Research and development efforts were significantly increased in 2020 with an R&D investment of $275,926, a 266% increase over 2019’s total of $103,616. The Company announced that the NeuroCap™ will now be available to the pediatric market in the United States. The Company filed a provisional patent application for a new long-term monitoring EEG cap. The Company Brain Scientific Introduces Enhanced NeuroCap™ Disposable EEG Headset “In 2020, Brain Scientific made good progress toward our vision of introducing transformative brain diagnostic solutions that apply cutting edge technologies and establish a new innovative norm for clinicians,” said Boris Goldstein, Chairman of the Company’s Board of Directors. “We made strides on the operations front to improve lead times and quality control, as well as connections to expand our customer base in early 2021.” Outlook The Company expects the following developmental milestones to be completed within the next 24 months: Scale production in the U.S. and expend into EU market.Introduction of a long-term monitoring cap.Introduction of a long-term monitoring 24-channel EEG.Launch of data storage capabilities for normalized data brain scans. Further development of the Company’s planned AI neuro net.Perfect application for minimally invasive graphene electrodes connected to the micro-EEG.File international patent applications in Latin America, Europe and beyond. Financial Results Revenue for the fiscal year ended Dec. 31, 2020, was $544,275, compared to $489,202 for the fiscal year ended Dec. 31, 2019. Total assets at the end of 2020 were $440,218, compared to $291,002 at the end of 2019. Total liabilities at the end of 2020 were $5,237,042, compared to $1,186,534 at the end of 2019. Eighty percent of the increase in liabilities were from the addition of $2.6 million in derivative liabilities and $694,000 in convertible notes payable, net. About Brain Scientific Brain Scientific is a commercial-stage healthcare company with two FDA-cleared products, providing next-gen solutions to the neurology market. The Company’s smart diagnostic devices and sensors simplify administration, shorten scan time and cut costs, allowing clinicians to make rapid decisions remotely and bridge the widening gap in access to neurological care. To learn more about our corporate strategy, devices, or for investor relations, please visit: www.brainscientific.com or email us at info@memorymd.com. NO OFFER OR SOLICITATION This communication shall neither constitute an offer to sell nor the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. FORWARD-LOOKING STATEMENTS Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements, which involve assumptions and describe the Company’s future plans, strategies and expectations, are generally identifiable by use of the words “may,” “should,” “would,” “will,” “could,” “scheduled,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “seek,” or “project” or the negative of these words or other variations on these words or comparable terminology. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances, and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates, and assumptions, and are subject to several risks and uncertainties and other influences, over many of which the Company has no control. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. These and other factors are identified and described in more detail in the Company's filings with the SEC. The Company does not undertake to update these forward-looking statements. Contacts: Investors and MediaPresident@mymediscan.com Corporate Communications: InvestorBrandNetwork (IBN)Los Angeles, Californiawww.InvestorBrandNetwork.com310.299.1717 OfficeEditor@InvestorBrandNetwork.com