Grab Key Sources Here: Company Presentation. Company Website.
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As mentioned above, NMRD has several potential breakout catalysts to focus on immediately. Take a look:
No. 1 NMRD Potential Catalyst - Interim Results From Miboko Program Holds Eye-Catching Retention Rates
Nemaura Medical Announces Interim Results...
Read the full article here.
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No. 2 NMRD Potential Catalyst - NMRD's Low Float Suggests Volatile Potential
According to the Yahoo Finance website, NMRD has a relatively low float.
The website reports this profile to have roughly 12.33Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could more positive company news towards the end of 2023 provide a breakout spark?
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No. 3 NMRD Potential Catalyst - sugarBEAT® Receives SFDA Approval (Huge News For Commercialization Efforts)
Nemaura Medical Announces SFDA Approval of sugarBEAT®
Read the full article here.
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No. 4 NMRD Potential Catalyst - Corporate Highlights Paint Nemaura To Be Hurtling Towards Bright Future
Nemaura Medical Reports Fi-nan-cial Results and Provides Business Update for the Fiscal Year Ended March 31, 2023
From the article:
“We continue to build momentum on both manufacturing activities and consumer feedback through pilot trials, in preparation for scaling up commercial sales activities. The trials with the NHS in the UK have demonstrated the commercial potential for our sensors and digital health and wellbeing programs and has allowed us to undertake continuous refinements prior to commercial scale-up initiatives. Similarly, we believe working with world-class contract manufacturers and advancing our manufacture scale-up, and ensuring a well-managed supply chain through forward planning will support our planned commercial endeavours,” commented Dr Faz Chowdhury, CEO of Nemaura medical. “During the new fiscal year our focus is on global partnerships and revenue ramp-up, leveraging off the progress we have made on the product refinement and feedback, and product manufacture."
Read the full article here.
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No. 5 NMRD Potential Catalyst - NMRD Hits The Gas On Pilot Expansion Of proBEAT™ (Huge Step Towards Revenue Generation)
Nemaura Medical Scales-Up Pilot Expansion of proBEAT™; 56 Corporations in the U.S. Signed Up for Pilots in June 2023
LOUGHBOROUGH, June 27, 2023 (GLOBE NEWSWIRE) -- Nemaura Medical, Inc. (NASDAQ: NMRD) (“Nemaura” or the “Company”), a medical technology company focused on non-invasive wearable sensors and personalized weight reduction programs, announces the next commercialization stage of its proBEAT™ sensor and AI-based feedback platform, augmenting the BEAT™diabetes program. The pilots are intended as a precursor to revenue generating contracts for proBEAT™ and will commence over the coming weeks and months. The Company is continuing its discussions with corporations and health insurers in the U.S. to further increase the number of pilots that will run in calendar year 2023.
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Read the full article here.
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NMRD Recap - 5 Key Potential Catalysts To Watch Right Now
No. 1 - Interim Results From Miboko Program Holds Eye-Catching Retention Rates
No. 2 - NMRD's Low Float Suggests Volatile Potential
No. 3 - sugarBEAT® Receives SFDA Approval (Huge News For Commercialization Efforts)
No. 4 - Corporate Highlights Paint Nemaura To Be Hurtling Towards Bright Future
No. 5 - NMRD Hits The Gas On Pilot Expansion Of proBEAT™ (Huge Step Towards Revenue Generation)
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Coverage is officially initiated on NMRD. When time allows, do this: