NXT-ID Inc (NASDAQ:NXTD) To Power Vivoactive Payment Capabilities

NXT-ID Inc (NASDAQ:NXTD) To Power Vivoactive Payment Capabilities

NXT-ID Inc (NASDAQ:NXTD) wholly owned subsidiary, FitPay, has inked an agreement to power payment capabilities of Garmin Ltd. (NASDAQ:GRMN)’s new Smartwatch, Vivoactive 3. Investors reacted to the news by sending the stock up 4% to $2.08 a share in Thursday’s trading session.

NXT-ID Inc (NASDAQ:NXTD)
One month NXTD stock price chart

Stock performance

Shares of NXT-ID Inc (NASDAQ:NXTD) gapped to highs of $2.40 a share before retreating to the $2.08 mark. The stock continues its bounce back from the $1.50 mark as it closes in on a key resistance level at the $2.50 mark. However, the stock has underperformed the overall industry for the better part of the year as it continues to trade in a downtrend.

The stock is currently trading in a $2.01 – $2.31 trading range and traders are waiting to see if a collaboration with Garmin is the catalyst that will push the stock higher. The new payment capabilities to be installed in Garmin wearables will enable customers to make contactless payments at point of sale (POS) locations.

Dubbed Garmin Pay, the new feature runs on FitPay’s proprietary technology to deliver payment, credential management, and authentication among other secure services to the Internet of Things (IoT). The feature uses NFC technology to interact with over 10 million retail POS terminals worldwide, which will allow Vivoactive 3 users to pay for goods wherever they are.

“We are incredibly excited to work with FitPay to offer our customers an easy way to make purchases while on the move,” said Dan Bartel, Garmin vice president of worldwide sales. “With Garmin Pay, you now have the freedom to leave your phone and wallet at home without losing your payment capabilities.

Robust Growth

Separately, NXT-ID Inc. (NASDAQ:NXTD) registered robust growth in all its segments in the first half of the year as revenue surged to highs of $14 million, compared to $80,000 for the corresponding period last year.  Revenue in the second quarter alone came in at $7.7 million compared to $38,493 for the corresponding period last year.

The company’s subsidiary LogicMark continues to register robust growth with deliveries of the fly card to WorldVentures. FitPay also continues to fuel growth on NXT-ID bottom line having achieved new business milestones with Visa and MasterCard.

NXT-ID Inc. (NASDAQ:NXTD) reported a net loss of (-$1.9) million for the first six months of the year an improvement from a net loss of (-$7.9) million for the corresponding period last year.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

One Horizon Group Inc (NASDAQ:OHGI) Commences $500,000 Contract

One Horizon Group Inc (NASDAQ:OHGI)

Shares of One Horizon Group Inc (NASDAQ:OHGI) bounced from all-time lows after the company announced it had started work on a contract that could generate as much as $500,000 in revenue for the second half of the year. Investors reacted to the news by sending the stock up almost 65% to close at $1.23 a share.

The massive rally pushed the stock to a key resistance level of $1.50 a share. The stock is currently trading in a downtrend, in a $0.75-$1.39 trading range. The rally further goes to strengthen One Horizon Group Inc (NASDAQ:OHGI)’s compliance with the NASDAQ minimum bid requirement.

One Horizon Group Inc (NASDAQ:OHGI)
One month OHGI Stock Chart

OHGI Stock Performance

One Horizon Group Inc. (NASDAQ:OHGI) is a leading provider of secure instant messaging software. The company provides real time communication to millions of people. Fuelling renewed investor interest in the stock is the company’s new contract with a Hong Kong based customer.

“As a result of this contract and expected future growth, combined with lower overheads and reduced cash outlays resulting from the recent disposition of VoIP subsidiaries, we expect the Company to be cash flow positive in the near term,” said Martin Ward, Principal Executive Officer.

The sizable contract requires the company to furnish the client with secure messaging software. The contract should go a long way in affirming the company’s push for growth. One Horizon Group Inc (NASDAQ:OHGI) has already set its eyes on China and Hong Kong’s gaming, security and education sectors in pursuit of new opportunities for growth.

Expansion Drive

During the first quarter, One Horizon Group Inc (NASDAQ:OHGI) secured a license that paves the way for it to expand its footprint in Ghana. The company is gearing up to provide the benefits of voice communications to over 18 million mobile data subscribers in the West African nation. The company is also in the process of pursuing opportunities in the mobile hot spot market having signed a licensing agreement with a leading pocket Wi-Fi service provider.

Separately, Horizon Group Inc (NASDAQ:OHGI) has repaid a debt of $662,048 owed to the Principal Officer through the issuance of 859,802 shares of common stock. In addition, the company generated a net loss of (-$1.28) million for the first three months of the year compared to a net loss of (-$1.26 million) for the corresponding period last year.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Tandem Diabetes Care Inc (NASDAQ:TNDM)

Stock Soaring for Tandem Diabetes Care Inc (NASDAQ:TNDM)

Tandem Diabetes Care Inc (NASDAQ:TNDM)

Tandem Diabetes Care Inc (NASDAQ:TNDM) stock is up over 50% in early trading on volume, that if continued, would be over 100 times their 30-day, daily average. The market is responding to news that the U.S. Food and Drug Administration (FDA) approved the commercial launch of the t:slim X2™ Insulin Pump with Dexcom G5® Mobile continuous glucose monitoring (CGM) integration. This technology is the first sensor-augmented insulin pump approved to let users make treatment decisions without the need for pricking one’s finger.

About Tandem Diabetes Care Inc.

San Diego, CA-based Tandem Diabetes Care Inc (NASDAQ:TNDM) is a medical device company. The company designs, develops, and commercializes medical deices for people with insulin-dependent diabetes. The company’s flagship product is the t:slim X2 insulin delivery system that comprises t:slim X2 pump, along with a disposable insulin cartridge, and an infusion set. The company also offers its Tandem Device Updater. This web-based system lets users update their pump’s software and adjust the t:connect diabetes management application, a cloud-based data management application, which provides a visual way to display therapy management data from the pump and supported blood glucose meters.

TNDM Stock Performance

Tandem Diabetes Care Inc (NASDAQ:TNDM)
One month stock price chart for TNDM

Shares of Tandem Diabetes Care Inc (NASDAQ:TNDM) closed Friday at $0.70, then gapped up to open at $0.92 before hitting its inter-day high (a/o 10:45 AMEST) of $1.22. TNDM stock has performed poorly tear-to-date and lost over 67%. For the year they have dropped almost 90%. The company has not been kind to shareholders on the earnings side either. For 2016, the company had an EPS loss of (-$2.73) and has not posted a profit in the past four years. However, sales have been steadily improving. In 2012 the company posted sales of $2.5 million. That annual figure has improved every year and in 2016 the company reported $84.2 million in sales. The analyst’s consensus price target for TNDM stock is $2.88.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Root9B Holdings Inc (NASDAQ:RTNB) Catches Market by Surprise

Root9B Holdings Inc (NASDAQ:RTNB)

Shares of Root9B Holdings Inc (NASDAQ:RTNB) more than doubled in value after the company announced it had secured incremental funding of $500,000 that will allow it to meet its financial obligations. The rally also came a day after the company confirmed it had received a foreclosure notice from Centriole Reinsurance Company.

Root9B Stock Performance

Tuesday’s 136.51% rally helped reverse, be it in the short term, a strong downtrend trend on the stock. However, the stock of Root9B Holdings Inc (NASDAQ:RTNB) continues to trade near all-time lows in a $1.16-$3.80 trading range. The stock has come under immense selling pressure ever since the company’s financial health was questioned prompting a sell-off from highs of $12 a share last month.

Root9B Holdings Inc. (NASDAQ:RTNB) Holdings is a Cybersecurity company focused on providing advisory services in regulatory risk mitigation, energy, and control solutions. The firm’s cyber solution segment offers cyber security advanced technology training as well as operational and consulting services.

Root9B Holdings Inc (NASDAQ:RTNB)
One month stock price chart for RTNB

Foreclosure Dilemma

Investors have in the recent past started to question Root9B Holdings Inc (NASDAQ:RTNB)’s ability to continue operating as a going concern given the financial woes it is grappling with. The company has received a foreclosure notice because of its secured indebtedness, paving way for secured creditor’s agents to auction the company’s assets. The auction, to take place on August 31, 2017, is expected to raise funds for paying the company’s debts.

In a bid to prevent a mass sell-off of Root9B Holdings Inc (NASDAQ:RTNB) assets, the management team says it is working with senior creditors and other potential investors to raise funds before the auction date.

“While the Company is continuing its efforts to secure additional working capital and obtain waivers from the secured creditors it is unaware of any developments or information that would account for the significant volume of trading in our shares,” said Eric Hipkins, RTNB’s Chief Executive Officer.

New Funding Reprieve

A 136% rally came after reports the company was gaining substantial ground in its push to raise funds to prevent an asset sale. Root9B Holdings Inc. (NASDAQ:RTNB) has already secured $500,000, money it plans to use to meet its payroll obligations in addition to financing other working capital purposes. The company raised the funds by issuing convertible promissory notes along with warrants for the purchase of common stock at par value of $0.001 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $RTNB and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Appliance Recycling Centers of America (NASDAQ:ARCI) Goes BOOM!

Appliance Recycling Centers of America (NASDAQ:ARCI)

Appliance Recycling Centers of America (NASDAQ:ARCI) shares are rocking the market after gaining over 100% on a volume figure that indicates a 400-times multiple on the average daily trading volume. On Friday, ARCI stock closed at $0.66 then gapped up Monday morning to open at $0.89 before hitting an inter-day high of $1.41. ARCI stock has since fallen and is trading between $1.10 and $1.30 as of Noon EST.

Appliance Recycling Centers of America (NASDAQ:ARCI)
One month stock price chart for ARCI

The market’s strong push for ARCI shares was a result of the company’s Q2 financial report which was released this morning. The company reported a 4.1% increase in revenues to $25.7 million. Gross profit increased 35% to $8.7 Million. Operating Income was posted at $2.5 Million, compared to (-$1.1) million loss for the same quarter last year. SG&A expenses of $6.1 million represented am 18% reduction. Net Income came in slightly over $2 Million, or $0.31 per share, compared to a previous loss of (-$2.1) million.  However, maybe most importantly, Stockholders Equity increased to $15.1 Million ($2.27 per share) which represented a 40.15% YTD increase.

Appliance Recycling Centers of America (NASDAQ:ARCI), headquartered in Minneapolis, MN, sells and recycles household appliances through the ApplianceSmart brand – a chain of 18 company-owned retail stores. The company has revenue streams from both the retail and recycling sectors. ApplianceSmart sells new appliances as well as affordable value-priced, niche offerings, such as close-outs, factory overruns, and discontinued models. The company operates 18 ApplianceSmart stores. It also provides turnkey appliance recycling and replacement services for electric utilities and other sponsors of energy efficiency programs.

Appliance Recycling Centers of America (NASDAQ:ARCI has a market capitalization of only $4 million but the market clearly believes it has made the most out of its operations when considering its revenues, gross profit, and earnings. The company had a rough 2015 and 2016. Sales and earnings per share declined both years. In 2014 ARCI EPS was posted at $0.14. Then the company posted a loss of (-$0.47) in 2015 and a loss of (-$0.24) for 2016. The company posted sales of $130.9 million in 2014, then $11.8 million for 2015 and $103.6 million for 2016. Reports place the analyst’s consensus price target for ARCI stock at $4.00.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Trimax Corp (OTCMKTS:TMXN)

Trimax Corp (OTCMKTS:TMXN) Reverses Trend

Trimax Corp (OTCMKTS:TMXN)

Shares of Trimax Corp (OTCMKTS:TMXN) are trading in a strong upward trend in the wake of the company and its wholly owned subsidiary, Saavy Naturals, reporting better than expected Q2 financial results. The stock was up 91.89% in Wednesday’s trading session to end the day at highs of $0.0355 per share.

OTCMKTS:TMXN
One month stock price chart for TMXN

The beauty company has registered five consecutive days of gains. Momentum build-up has helped push the stock from lows of $0.01 a share to current highs of $0.0355 a share. Wednesday’s rally helped reverse a strong downward trend that had pushed the stock to all-time lows. It now awaits to be seen if the stock will continue to edge higher in the wake of the stellar second quarter results.

Trimax Corp (OTCMKTS:TMXN) is a diversified company that offers a wide range of natural skin care products through its subsidiary Saavy Natural. The company also offers application development, technology consulting and cloud services. The company is also involved in organic farming.

Q2 Earnings Report

Trimax Corp (OTCMKTS:TMXN) generated gross revenues of $272,386 in the second quarter, representing a 62% increase from last year levels. Sales were up by 140% in the quarter as the company reported a 44% year to date increase in sales from $305,021 to $440,071.

In a bid to build up the sales momentum, Trimax Corp (OTCMKTS:TMXN) plans to increase marketing efforts around its beauty care products while also focusing on expanding distribution. The company has already signed an agreement that will result in the expansion of the body care line into Gelson’s markets.  Gelson currently operates 25 full specialty stores in Southern California which should expand Trimax distribution footprint in pursuit of triple digit growth.

“We are extremely pleased with the triple digit growth we have been experiencing in 2017. We continue to work aggressively on establishing new channels of product distribution, as well as, reaching out to online consumers directly through various online sales campaigns,” said CEO, Hugo Saavedra.

In addition, the company has confirmed the appointment of Justin Miloro as the new Chief Operating Officer. He joins the company with 25 years of sales and executive management experience expected to be of great help as Trimax Corp (OTCMKTS:TMXN) embarks on an aggressive marketing and distribution diversification strategy.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $TMXN and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Helios and Matheson Analytics Inc (NASDAQ:HMNY)

Will Helios and Matheson Analytics Inc (NASDAQ:HMNY) Grab Movie Magic?

Helios and Matheson Analytics Inc (NASDAQ:HMNY)

Helios and Matheson Analytics Inc (NASDAQ:HMNY) gapped up to open on Tuesday morning, reached above $3.80, then retreated throughout the day and into today’s session to trade in a tight range around $2.60. Volume has been heavy – almost double the stock’s daily average.

Helios and Matheson Analytics Inc (NASDAQ:HMNY)
One month stock price chart for HMNY

The market is responding to the company’s announcement that it has bought a 51% majority stake in MoviePass, a subscription-based service for movie theaters led by former Netflix executive and co-founder Mitch Lowe. Helios and Matheson Analytics Inc (NASDAQ:HMNY) paid $27 million for the equity.

The two New York city-based companies simultaneously launched a monthly subscription service with a price-point at $9.95. The subscription entitles the subscriber entry into one movie every 24 hours at any of the participating 3,700 U.S. movie theaters. Prior to the deal, subscription plans from MoviePass ranged anywhere from $14 to $50 per month.

Lowe served as the vice president of business development and strategic alliances for Netflix, from 1998 to 2003. He also held executive positions at RedBox Automated Retail LLC from 2005 to 2011, including, for four years, as the company’s CEO. In June of 2016, Lowe was installed as CEO at MoviePass.

The subscription plan is one facet of the company’s strategy to increase movie attendance which has been trending downwards along with the popularity of shopping malls. Enticement include reserved seating, pre-ordering drinks and food, and free large-screen viewing of popular TV shows throughout the day. The new approach was designed to broaden the demographics of movie attendees. Currently over 70% of movie theater viewers are millennials. By offering a more upscale service, Helios and Matheson Analytics Inc (NASDAQ:HMNY) hope to attract a more mature consumer.

One year ago Helios and Matheson Analytics Inc (NASDAQ:HMNY) stock was trading above $13. For the past few months HMNY shares have been trading between $2 and $3. YTD the stock is down only 10% but for the year HMNY shares are down over 67%. Interested investors or traders should note that 15% of the stock’s float is held by short-sellers.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $HMNY and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

BTCS Inc (OTCMKTS:BTCS)

BTCS Inc (OTCMKTS:BTCS) Rallies 100.5% Amidst Working Capital Concerns

BTCS Inc (OTCMKTS:BTCS)

Shares of BTCS Inc (OTCMKTS:BTCS) more than doubled in value after rallying by 105.37% as Bitcoin prices continue to hit record highs. The rally comes days after the company announced the appointment of Jonathan R. Read, to the board of directors, as part of an effort that seeks to strengthen the push to create a vertically integrated operation in the block chain space.

BTCS Stock Chart:

BTCS Inc (OTCMKTS:BTCS)
One month BTCS stock price chart

Bitcoin Rally

The BTCS Inc (OTCMKTS:BTCS) stock rally continues to flex its muscles around the cryptocurrency hype. A push by the management to diversify the company’s operations, spanning process transaction and a shift towards initial coin offering, has helped strengthen investor confidence on the stock.

Pursuing opportunities on initial coin offerings is a bold move that could see the company enjoy a first mover advantage as Bitcoin becomes mainstream. Getting a hold of the market which is believed to be worth a half a billion dollars could help BTCS Inc (OTCMKTS:BTCS) enjoy impressive growth in line with the growing demand for crypto currency.

BTCS Capital Challenges

Focusing the business on blockchain technologies has, however, come with its fair share of challenges. A lack of sufficient capital to pursue opportunities with speed poses the biggest challenge as the company tries to realize full potential from the disruptive opportunity.

BTCS Inc (OTCMKTS:BTCS) need significant additional capital to sustain its short term operations and make investments needed execute the long term business plan. Existing liquidity is not sufficient to fund operations and anticipated capital expenditures.

Over the past year, BTCS Inc (OTCMKTS:BTCS) has tried to restructure its liabilities as it seeks to improve its financial position. To date, the company has exchanged approximately $3.9 million of convertible notes and raised $1 million as it sought to raise funds to pay liabilities and raise working capital.

“We have taken these steps because we believe the rise of digital tokens as a new asset class has created a tremendous opportunity for us to leverage our experience in the sector, “BTCS in a statement.

Subject to completion of additional financing BTCS Inc (OTCMKTS:BTCS) plans to create a portfolio of digital assets through initial coins offerings, strategic market purchases. The company is also planning to carry out a number of acquisition across the blockchain space.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $BTCS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

FIRST BITCOIN CAP COM NPV(OTCMKTS:BITCF)

FIRST BITCOIN CAP COM NPV(OTCMKTS:BITCF) Stock Exploding

FIRST BITCOIN CAP COM NPV(OTCMKTS:BITCF)

FIRST BITCOIN CAP COM NPV(OTCMKTS:BITCF) stock is rocketing. BITCF stock is up over 50% by 1PM EST on heavy volume. First Bitcoin closed on Friday at $1.49. The stock gapped up to open this morning at $1.87 and has hit an inter-day high of $2.40. Over eight million shares of BITCF have traded hands when the listed 30-day average volume figure is just 1.1 million.

FIRST BITCOIN CAP COM NPV(OTCMKTS:BITCF)
One month price chart for BITCF

Today Bitcoin went over the $4,000 mark and Ethereum went over $307. These events likely the reason First Bitcoin’s BITCF stock is rocketing. An analyst from Standpoint Research, Ronnie Moas, raised his bitcoin price target to $7,500 from the current $5,000. He also announced that he expects the total value of the crypto-currency market to total Two Trillion dollars. Bitcoin has more than quadrupled YTD while Ethereum has gained over 3,000%. Not surprisingly, there is an abundance of rumors that institutional investors will soon be entering the markets in a major fashion. It should be noted that Bitcoin represents about 50% of the total value of the crypto-currency market.

FIRST BITCOIN CAP COM NPV(OTCMKTS:BITCF) claims to be the first vertically integrated, publicly traded Bitcoin company. First Bitcoin will pursue it business goals that include the acquisition of Bitcoin start-ups, fund raising, and investing in crypto-currency software and hardware. The company plans to be a player in the following industry sectors:

  • Digital currency mining;
  • Developing digital currency exchanges to provide liquidity to the crypto-currency market;
  • Develop goods and services that will utilize a crypto-currency payment application; and
  • Develop technologies to enhance and develop the digital currency market.

Investors should complete their due diligence before investing in crypto-currencies. There is no regulation as with federally sanctioned stock exchanges. In 2014, trhe world’s largest Bitcoin exchange, Mt.Gox, was hacked and Bitcoin values plummeted over 50% as the hacked exchange had over $500 million worth of Bitcoins stolen from its servers.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $BITCF and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

EnteroMedics Inc (NASDAQ:ETRM)

EnteroMedics Inc (NASDAQ:ETRM) After-Hours News Hits Stock

EnteroMedics Inc (NASDAQ:ETRM)

EnteroMedics Inc (NASDAQ:ETRM) stock was up over 17% in Monday’s after-hours trading session, to end at $4.49, after the company announced a loss of $6.8 million in its second quarter. Revenues came in at $93,000 – less than what was expected. However, on a per-share basis, the St. Paul, MN-based, medical device company lost (-$0.91) which beat street estimates by $0.02.

EnteroMedics Inc (NASDAQ:ETRM)
Six month Enteromedics price chart

Importantly, implantations of the company’s lead revenue generator, the vBloc®, was up over 83% from the same quarter last year. For the six months ended June 30, 2017, the Company placed 50 units, primarily from the vBloc Now program, a 72% increase compared to 29 units for the same period in 2016. As of June 30, 2017, the Company had cash, cash equivalents and short-term investments totaling $11.2 million and it had no debt.

EnteroMedics Inc (NASDAQ:ETRM) is a developer of medical devices that cater to the weight-loss market. The company developed the FDA-approved vBloc® neurometabolic therapy. The vBloc® therapy is delivered by a pacemaker-like device called the Maestro® Rechargeable System. This device is designed to help patients feel full and eat less by intermittently blocking hunger signals on the vagus nerve – thereby allowing patients to safely lose weight by helping patients feel less hungry, reduce the amount of food eaten at a meal, and feel full longer in between meals. The vBloc® Therapy is a non-anatomy altering or restricting, and is reversible.  therapy that allows patients to safely lose weight by helping patients feel less hungry, reduce the amount of food eaten at a meal, and feel full longer in between meals.

EnteroMedics Inc (NASDAQ:ETRM)
ETRM’s vBloc FDA-approved weight loss aid/device

Bariosurge Inc. was recently acquired by EnteroMedics Inc (NASDAQ:ETRM) which gave the company an additional revenue stream originating from the weight-loss market. Bariosurge is the developer of the Gastric Vest System™. The Gastric Vest is being developed as a minimally invasive, laparoscopically implanted medical device for weight loss in morbidly obese patients. The device wraps around the stomach, emulating the effect of conventional weight-loss surgery, and is intended to reduce the size of the stomach without permanently changing one’s anatomy.

EnteroMedics Inc (NASDAQ:ETRM) continues to address the primary cause of drag on the stock price – a lack of coverage by major insurance companies. It is important to remember that the stock blasted over 700% on the news that the company had two new facilities agree to be used for device implantation. It appears the market will reward the company for any advancement of its device into the medical mainstream.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $ETRM and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.