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InspireMD Announces First Quarter 2012 Financial Results
Date:5/8/2012

y products to market.
  • Robert Ratini was appointed as Vice President of Sales and Marketing. Mr. Ratini will develop and lead all global marketing strategies for InspireMD's proprietary stent system technology, MGuard™. 
  • Recent (Post Period) Developments

  • On April 5, 2012, the Company completed a private placement with two institutional investors resulting in gross proceeds (before deducting commissions and expenses) of $11.0 million.
  •  CONSOLIDATED STATEMENTS OF OPERATIONS (1)(U.S. dollars in thousands, except per share data)Three months endedMarch 31,2012

    2011Revenues

    $1,138

    $1,686Cost of Revenues

    574

    899Gross Profit

    564

    787Operating Expenses:Research and development

    1,349

    343Selling and marketing

    445

    428General and administrative

    1,896

    1,186Total operating expenses

    3,690

    1,957Loss from Operations

    (3,126)

    (1,170)Financial (income),expenses net

    (11)

    715Loss before tax expenses

    (3,115)

    (1,885)Tax Expenses

    25

    10Net Loss

    $(3,140)

    $(1,895)Net loss per share - basic and diluted

    $(0.05)

    $(0.04)Weighted average number of shares of common stock used in computing net loss
    per share - basic and diluted

    68,178,946

    50,798,900 CONSOLIDATED BALANCE SHEETS (1)(U.S. dollars in thousands)March 31,

    December 31,2012

    2011ASSETSCurrent Assets:Cash and cash equivalents

    $3,351

    $5,094Restricted cash

    39

    91Accounts receivable:Trade

    2,042

    2,284Other

    204

    118Prepaid expenses

    89

    72Inventory:On hand

    2,017

    2,061On consignment

    59

    110Total current assets

    7,801

    9,830Pro
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    SOURCE InspireMD, Inc.
    Copyright©2010 PR Newswire.
    All rights reserved

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    Related medicine technology :

    1. InspireMD Announces the Enrollment of the 1st Patient in the MGuard iMOS Registry, the Registry Will Enroll 1000 Patients
    2. For the First Time, at EuroPCR, InspireMD Will Provide a Sneak Preview of the Next Generation MGuard Prime(R), a State of the Art Net Protective Cobalt Chromium Stent System
    3. InspireMD Becomes a Supporting Organization in the Growing Stent for Life Initiative
    4. InspireMD Boosts MGuard Production Capacity
    5. InspireMD to Commence Trading as a Public Company Under Ticker Symbol "NSPR"
    6. InspireMD to Participate in Benchmark Company, LLC 2011 One-On-One Investor Conference
    7. InspireMD Increases Geographic Penetration; MGuard Stent is Now Available in India
    8. InspireMD Promotes MGuard™ at the EuroPCR 2011 Exhibition and Conference in Paris This Week
    9. InspireMD Announces Year-to-Date 2011 Progress
    10. InspireMD Broadens Global Distribution Network; Signs Distributor for the Russian Federation
    11. Sol J. Barer, Ph.D. Joins InspireMD Board of Directors
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