Microbot Medical Inc. Company profile
About Microbot Medical Inc
Microbot Medical Inc. is a pre-clinical medical device company. The Company is focused on the research, design and development of robotic endoluminal surgery devices targeting the minimally invasive surgery space. Its technological platforms are comprised of ViRob, TipCAT and Liberty, including certain CardioSert assets. Using the ViRob platform, Microbot is developing the Self Cleaning Shunt (SCS) for the treatment of hydrocephalus and Normal Pressure Hydrocephalus (NPH). Utilizing the Liberty and CardioSert platforms, it is developing disposable robot for various endovascular interventional procedures. ViRob technology is an autonomous crawling micro-robot, which can be controlled remotely or within the body. TipCAT is a disposable self-propelled locomotive device, designed to advance in tubular anatomies. Liberty is a disposable robotic system, designed to move guidewires and over-the-wire devices, such as microcatheters within the body’s vasculature.
Financial summary
BRIEF: For the nine months ended 30 September 2021, Microbot Medical Inc revenues was not reported. Net loss increased 14% to $7.5M. Higher net loss reflects Research and development increase of 63% to $3.9M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.92 to -$1.05.
Equity composition
Common $.1 Par, 07/11, 250M auth., 13,784,019 issd,. Insiders control approx. 8.68%. IPO 3/92, 2.25M shares @ $11.00 by Robertson, Stephens & Co. PO 9/95, 2.3M shares @ $9.375. 10/93, *5/00, Name changed from Cytotherapeutics, Inc. PO: 11/08, 13.8M shares. 07/11, 1-for-10 reverse stock split. 05/16 1-for-12 reverse stock split.