Hauptdiskussion ISIN: US10501L1061 Forum: Aktien User: Schorsch11

Basierend auf dem letzten Q-Bericht ist der Cash-burn ca. 700k$ pro Monat und reicht noch ca. 2 Jahre. Second Quarter 2020 Financial Results Total revenues for the second quarter of 2020 totaled $4.8 million, compared with $5.7 million for the second quarter of 2019, a decrease of 15%. Quarterly recurring lease revenues were $3.4 million, representing an increase of 4% over the second quarter of 2019, and comprised 70% of total revenues. Gross margin for the second quarter of 2020 was 79%, an increase when compared to second quarter 2019 gross margin of 76%, which resulted from lower manufacturing overhead costs in the quarter. Operating expenses for the quarter totaled $4.0 million, compared with $7.0 million for the second quarter of 2019. The decrease is in-line with the Company’s efforts to enhance efficiency and to lower operational expenses in light of the financial impact of COVID-19. Operating loss for the quarter was $0.2 million, compared with an operating loss of $2.7 million for the same period in 2019.   As of June 30, 2020, the Company had cash and short-term investments of approximately $17.8 million, compared to $21.9 million at December 31, 2019, reflecting a cash use of $4.1 million for the first half of 2020 resulting from operating losses and timing of inventory deliveries from vendors. 

Significant Market Opportunity • 16.2M Major Depressive Disorder (“MDD”) U.S. adult patients with an $8B+ annual addressable market • 2.2M Obsessive Compulsive Disorder (“OCD”) U.S. adult patients with an $800M+ annual addressable market Established Proprietary Platform Technology • FDA clearance for MDD and OCD; CE Mark for additional indications • Demonstrated efficacy, well-tolerated, and potential to address wider variety of brain disorders • Establishment U.S. reimbursement for MDD treatments; Seeking U.S. reimbursement for OCD treatment High Growth Potential • Strong clinical data in smoking cessation reported in late 2019; working with FDA on next steps • Granted breakthrough device designation for the treatment of opioid use disorder; working on clinical trial • Opportunity to expand into new territories such as Japan Robust Flexible Business Model • Fixed-fee, risk share, and outright purchase options provides physicians tremendous flexibility • For full year 2019, generated revenue of $23.1M, up 41% YoY

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66 Patente https://patentscope.wipo.int/search/en/result.jsf?_vid=P11-KE70U8-92525 55 klinische Studien https://clinicaltrials.gov/ct2/results?cond=&term=brainsway&cntry=&state=&city=&dist=