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  • MRI Interventions: Brain Mapping Of The Future  [View article]
    CEO. So what do you think would be realistic target number of procedures in five years from now?
    Jan 19, 2016. 08:44 PM | Likes Like |Link to Comment
  • MRI Interventions: Brain Mapping Of The Future  [View article]
    A better metric is the disposable product revenue. This dpr has a gross margin of 75%. If you take a net profit margin of 50%, it is very profitable. So the company needs to increase the adoption rate rapidly. MRII CEO has set a target of 55k procedures a year. At $7.3k a procedure and 50% net profit, the target of 55k procedure a year will translate into an annual income of $200m. Divided by 100m outstanding shares gives an EPS of $2. A PER of just 20 will yield a share price of $40. But I think this is a low end estimate. The key to investing in MRIC is when it will breakeven. Grillo has said $35m revenue is doable in 5 years but breakeven will be sooner. I think breakeven can happen during first half 2017. If not, then we shall have another equity sale. That would be a pity.
    Jan 14, 2016. 11:23 PM | Likes Like |Link to Comment
  • MRI Interventions' (MRIC) CEO Frank Grillo on Q3 2015 Results - Earnings Call Transcript  [View article]
    cbc17. Although the disposable products revenue increased 12% qoq, I am a little disappointed with the adoption rate of ClearPoint. It needs to be in the 20% qoq range to breakeven in last quarter 2016 or 1st 2017. But if you are a late comer, I think it is a good time to buy since there is continued evidence that the ClearPoint is gaining traction. For those like myself who bought early, it is way too slow. Let's see what the CEO has to say in the Earnings Conference Call.
    Jan 12, 2016. 08:32 PM | Likes Like |Link to Comment
  • MRI Interventions' (MRIC) CEO Frank Grillo on Q3 2015 Results - Earnings Call Transcript  [View article]
    The dreaded dilution has materialized. But it was hardly surprising since cash was $1.8m at end of 3q. The cash raised will see the company through 2016. By then, it had better breakeven. Otherwise another cash raise will be needed. So 4q results will be eagerly awaited. It better be good.
    Dec 16, 2015. 09:47 PM | Likes Like |Link to Comment
  • MRI Interventions' (MRIC) CEO Frank Grillo on Q3 2015 Results - Earnings Call Transcript  [View article]
    CEO, I agree with the "heavy headwinds" part. But I am less sure about the comment on the "small niche product". During the 3q Conference Call, the current CEO Grillo has estimated that the current market for ClearPoint is 55k procedures per year. To me that is not a "small" niche market.
    When MRII achieves that target, the annual revenue from disposable products alone is $400m. So I tend to believe his comment that "$35m is doable in 5 years" and that "breakeven will happen much sooner". Since adoption of new technology tends to be exponential after a critical mass has been achieved, I think $400m will be reached in less than 50 years, more like 20 years.
    What will $400m translate into EPS? Something like an EPS of $2 even if the outstanding shares were to rise to 100m.
    I don't think the 55k target is the final target. If you will recall in an earlier company presentation, there is a 2.2m addressable market in brain related diseases. And we have not factored in ClearTrace. If MRII were to fail, I think it would have done so several years back. So I am optimistic.
    Dec 13, 2015. 02:12 AM | 1 Like Like |Link to Comment
  • MRI Interventions' (MRIC) CEO Frank Grillo on Q3 2015 Results - Earnings Call Transcript  [View article]
    CEO, Sorry I read you wrongly. You meant 75 procedures a month and not a year. Then we are a long way off. But it will only take a trend to a breakeven quarter for investors to take notice. The $5 - 10 price will probably come about when MRIC breaks even.
    Dec 10, 2015. 09:09 PM | Likes Like |Link to Comment
  • MRI Interventions' (MRIC) CEO Frank Grillo on Q3 2015 Results - Earnings Call Transcript  [View article]
    CEO, 75 procedures a month would mean 900 per year. At $7.3k per procedure and 50% net profit margin, it would mean an eps of $0.06. Right now MRII is doing 53 procedures a year. So we are not far off especially if its recent pace of recording 20% qoq growth is maintained. Then it should breakeven on quarterly basis end 2016 or early 2017. Should that happen MRIC will be a $5-10 stock. But if investors were to view it like ISRG it will more likely hit $20 to 40, a price ISRG achieved when it was breaking even.
    Dec 9, 2015. 10:11 PM | Likes Like |Link to Comment
  • MRI Interventions' (MRIC) CEO Frank Grillo on Q3 2015 Results - Earnings Call Transcript  [View article]
    Recent news from the company suggests that ClearPoint continues to find new surgeons adopting it. Its disposable products revenue has been rising 20% qoq for the last several quarters. If the 4q results show the same or higher growth rate qoq, then I think MRIC is for real, notwithstanding the possibility of dilution to raise working capital. It should have a breakeven quarter end 2016 or early 2017.
    Dec 7, 2015. 09:50 PM | Likes Like |Link to Comment
  • MRI Interventions' (MRIC) CEO Frank Grillo on Q3 2015 Results - Earnings Call Transcript  [View article]
    I would like to add that I am relieved to know that ClearPoint operations has been performing well in an MRI suite. Suryan's concern has turned out not to be an issue. In fact MRI Interventions see this as a competitive advantage over other methods which require the patient to be shuttled between the operating theatre and the MRI centre. In fact, I don't see any real obstacles to MRIC being a truly profitable investment. If there are any blind spots, I would appreciate readers pointing them out to me.
    Nov 6, 2015. 09:38 PM | Likes Like |Link to Comment
  • MRI Interventions' (MRIC) CEO Frank Grillo on Q3 2015 Results - Earnings Call Transcript  [View article]
    I think the company going into debt is not a bad thing. Which technology start-up company does not take on debt during its formative years? Since MRICs' ClearPoint technology is getting adopted (rapidly I might add), it baffles me that investors are viewing its stock so negatively.
    Nov 5, 2015. 11:47 PM | Likes Like |Link to Comment
  • MRI Interventions' (MRIC) CEO Frank Grillo on Q3 2015 Results - Earnings Call Transcript  [View article]
    MRIC had a good quarter. I am most pleased that doing the operation in an MRI suite has proved to be not a problem. ClearPoint is beating the competition in accuracy, ease and time it takes for the operation.
    It should be moving towards breakeven at end of 2016 or early 2017. One concern is that the company may need to sell shares to raise money to fund operations. Perhaps it should take a loan instead.
    Nov 4, 2015. 08:25 AM | Likes Like |Link to Comment
  • Axion Power, A Deep Alpha Opportunity With A Clear Timeline  [View article]
    All these recent comments merely revisit issues that JP had dealt previously. They all seem futile arguments. All that we can do is to wait out the planned PbC production facility of the Chinese purchaser of the rights to manufacture PbC in China. I am pretty sure it will be for China's extensive investment in solar and wind projects.
    Sep 3, 2015. 10:54 PM | 4 Likes Like |Link to Comment
  • Axion Power, A Deep Alpha Opportunity With A Clear Timeline  [View article]
    Who is to tell whether TESLA will not fall on its face. Nissan is still losing money on its Leaf, I think. John Petersen may be wrong as of now. But he has given us very sound reasons for his opinions. Those of you who are critical should debate his reasons instead of deriding him with disparaging remarks.
    Betting on Lithium batteries for a mass product will fail due to scarcity of the rare minerals needed to make the batteries. Betting on electric vehicles that derive its electricity from coal and fossil fuels will ultimately be short term. You need renewable energy sources to reduce our carbon footprint. For that to happen you need Axion's PbC batteries as of now until some other battery technology comes around. Lithium batteries are not the solution. By extension, TESLA can't sustain.
    Sep 3, 2015. 12:03 AM | 4 Likes Like |Link to Comment
  • Axion Power: A Battery Manufacturer Charging Forward  [View article]
    The only hope that remains is the Chinese company who bought over rights to set up a factory to produce PbC in China. I sure do hope something comes out of this.
    Aug 10, 2015. 12:13 AM | 2 Likes Like |Link to Comment
  • MRI Interventions' (MRIC) CEO Frank Grillo on Q2 2015 Results - Earnings Call Transcript  [View article]
    It is tough to be invested in MRIC. It has a great asset in ClearPoint. But it is awfully hard and slow to introduce a groundbreaking technology to the market. But I am still hopeful as long as there isn't excessive dilution before breakeven occurs. So the CEO should be commended upon for bringing down R&D cost and reducing cash burn. Let's hope to hear more positive news in the next and coming quarters.
    Aug 5, 2015. 10:13 PM | Likes Like |Link to Comment
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