American Biomed, Inc. OTC BB : ABMI
Price and Volume
Bid/Ask: .67/.69
Close: .69
52-Week Low $0.438
52-Week High $2.063
ÿ
Daily Volume (3-monthÿavg) 1,045ÿ
Share-Related Items
Market Capitalization $11.4M
Shares Outstanding 17.3M
Float 14.9M
Book Value (mrq) $0.06ÿ
Earnings (ttm) -$0.17ÿ
Sales (ttm) $0.03ÿ
Cash (mrq) $0.04ÿ
Price/Book (mrq) 11.59ÿ
Price/Earnings N/Aÿ
Price/Sales (ttm) 19.41ÿ
Financial Strength
Current Ratio (mrq) 1.12ÿ
Total Debt/Equity (mrq) 0.09ÿ
IN A NUTSHELL:
They make heart cathetars and non-invasive medical supplies. The unfair advantage is that their products are made out of alternate materials and serve as a good replacement for latex, which has caused sever reactions in some patients and healthcare professionals.
They have a great website: americanbiomed.com
Address:ÿ 10077 Grogan's Mill Road, Suite 100
The Woodlands, TX 77380
Phone:ÿ (281) 367-3895
Industry:ÿ Medical Equipment & Supplies
Employees:ÿ 32
Officers:ÿ Steven B.ÿRash, Chmn./Pres./CEO
Colene Stigler Blankinship, Contr./CAO/Secy./Treas.
Recent Earnings Announcement
For the quarter ended DEC 1997, revenues were 184; after tax earnings were -952.
(preliminary; reported in thousands of dollars)
Here is a link to their annual report, which was just released a few weeks ago...http://sec.yahoo.com/e/l/a/abmi.html
The YAHOO jist of it:
ABMI is a development stage company engaged in the development, manufacture and marketing of medical devices. ABMI's primary technology is directed at interventional cardiology, endovascular surgery and minimally invasive surgical devices. For the nine months ended 9/97, net sales fell 14% to $361 thousand. Net loss applicable to Common fell 25% to $1.8 million. Results reflect the ineffectiveness of the sales team, offset by productivity improvements and lower borrowings.
Several patents already, and several things in line for FDA approval. (Geez..I never realized the process for THAT!). Anyway, I have a lot more reading to do. Just thought Id share.
:-)
Binder |
