Sanara MedTech: Surgical Sales Set To Accelerate While Post Acute Care Platform Develops

Stephen Read
517 Followers

Summary

  • CellerateRX was approved to be sold in over 1200 new locations.
  • BIASURGE was approved by the FDA and is set to launch commercially in Q4.
  • TEXAGEN sales growing extremely fast (86% QoQ).
  • Second supplier of ALLOCYTE coming online to satisfy demand.
  • Wound care platform continued its development towards a goal of disrupting a ~$100B market.
Senior man having his knee examined by a doctor.

gilaxia/E+ via Getty Images

SMTI Update

In the past 9 months Sanara MedTech (NASDAQ:SMTI) has continued to progress towards their goal of providing value based wound treatment across the continuum of care. If you missed the original writeup on SMTI’s leadership, comprehensive plan, market size, and products

This article was written by

517 Followers
Mr. Stephen Read is the manager of the hedge fund HIT Capital.  When he isn’t fathering or out exploring you'll likely find him reading, coding, writing or catching up with his buddies.Stephen grew up on a corn, soybean and cattle farm along the Illinois River and graduated from Missouri S&T with a B.S. in Mechanical Engineering in 2007.  He worked for ConocoPhillips out of college, with a leave of absence, summer of 2008, in which he played professional baseball. In 2012 while working at ConocoPhillips he launched HIT Investments followed by HIT Capital. In 2018 he reached financial independence and in 2020 retired from ConocoPhillips to focus on HIT and his family.One of Stephen’s favorite quotes is from 2 Corinthians 9:6 “Remember this: Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously.”

Analyst’s Disclosure:I/we have a beneficial long position in the shares of SMTI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Stephen Read is the founder of HIT Investments, the general partner of HIT Capital, of which has a beneficial long positions in SMTI through stock ownership. More disclosures can be found at https://www.hitinvestments.com/disclaimer/ and within HIT Capital's Offering Documents.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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