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Microcap & Penny Stocks : CardioDynamics (CDIC)

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To: sandbag who wrote (53)6/29/1998 8:20:00 PM
From: sandbag  Read Replies (1) of 201
 
Update..
For those still following CDIC on the SI thread, I feel a need to keep the information line up to date.
The Q2 financial results are out and can be read on the company's web site cardiodynamics.com
In talking with IR and the CFO, it appears that everything is going smoothly. The quarter started with a backlog of orders, financing is being worked on to ensure the company's ability to successfully bring there products up to speed.
Last quarter's shipments were just the beginning for their FDA fast tracked BioZ.com systems. New studies are ongoing in the current quarter.
Company is still awaiting approval from the Japanese Ministry to begin shipping their product to Japan. This in itself should be a big boost to revenue.
The company is looking at other markets for their systems which I believe will eventually make them a household word in the medical community.
Current quarter's results should look very impressive as far as year over year results.
The system base is expanding, currently 82, and there has been no problems from an insurance basis.

Regards
SB
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