Corindus reported their 2Q earnings:
- Revenue: $2.3m
- 10 more additional units installations before year’s end
- PRECISION GRX Registry – market surveillance
Guidance remained the same, expecting $13 – 15m EOY.
Corindus has roughly $35m in cash with a $8m burn rate per quarter, and with more installations of machines.
I’m a huge believer in this machine, and I think it’s a great long term hold. This ER just proved that the company is turning itself now and this shows great opportunity.
You can read my due diligence about this company here.
Disclosure: I have a large long position in this company since February 2017.