other material
confidence high
sentiment neutral
materiality 0.50
NanoVibronix posts $458K Q3 revenue; CMS reimbursement request not approved
ENvue Medical, Inc.
- Q3 2023 revenue of $458,000; operating loss of $670,000; year-to-date revenue up 22%, operating loss reduced ~20%.
- Raised $4.2M net from securities sales; cash & receivables $3.8M, inventory >$3.1M.
- UK NHS supply contract and Drug Tariff reimbursement effective Nov 1; UK distributor Peak Medical pursuing opportunities.
- Added Mio-Guard as exclusive distributor for Sports segment; VA and Workers Comp channels progressing.
- CMS denied full reimbursement again after August 2023 notification; company awaiting response after meeting with CMS leadership.