NeuroOne Medical Technologies Corporation develops medical technology for surgical diagnosis and treatment of neurological disorders. The company’s platform centers on thin-film electrode technology used in recording, monitoring, mapping, ablation and brain stimulation applications, including Evo Cortical, Evo sEEG and the OneRF Ablation System.
NeuroOne news commonly covers FDA 510(k) clearances, product applications for epilepsy, facial pain and other neurosurgical uses, patent activity around neural probe and electrode technologies, financial results, capital raises, commercial orders, investor conferences and management updates. Coverage also reflects the company’s efforts to extend the OneRF platform into additional ablation, stimulation and drug-delivery applications.
NeuroOne Medical Technologies (NMTC) reported significant growth in fiscal 2024, with product revenue increasing 77% to $3.5 million. The company expanded its exclusive distribution agreement with Zimmer Biomet, receiving a $3 million upfront payment in November 2024. For fiscal 2025, NeuroOne projects product revenue between $8-10 million, representing 132-190% growth, with expected gross margins of 47-51%, up from 31% in 2024.
The OneRF™ Ablation System has been implemented in 5 prominent epilepsy centers, with successful procedures on 12 patients. Operating expenses decreased 12% to $3.0 million in Q4 2024. The company remains debt-free, though cash position decreased to $1.5 million as of September 30, 2024, compared to $5.3 million the previous year.
NeuroOne Medical Technologies (NASDAQ: NMTC), a medical technology company focused on improving surgical care options for neurological disorders, has scheduled its fourth quarter and fiscal year 2024 financial results release for December 17, 2024, before market open. The company will host an investor conference call and webcast at 9:00 a.m. Eastern time on the same day, featuring management discussion, corporate updates, and a Q&A session.
The earnings call will be accessible via U.S. toll-free (888-506-0062) and international (973-528-0011) dial-in numbers, with participant access code 603219. A playback will be available through December 31, 2024, and a webcast replay will be accessible until December 17, 2025.
NeuroOne Medical Technologies (Nasdaq: NMTC), a medical technology company specializing in neurological disorder treatments, has announced its participation in the upcoming Virtual Investor Summit Microcap Event on November 21, 2024. The company will deliver a presentation from 1:30 PM to 2:00 PM ET and will be available for one-on-one meetings throughout the day.
The event will showcase 40 micro-cap companies with catalysts and/or strong market performance. Interested qualified investors can register for complimentary access to participate in live Q&A sessions and engage with leading MicroCap investors.
NeuroOne Medical Technologies (NASDAQ: NMTC) has expanded its distribution agreement with Zimmer Biomet for the OneRF™ Ablation System. The amendment grants Zimmer Biomet exclusive rights to distribute the system for brain use. NeuroOne will receive a $3 million upfront payment with potential additional milestone payments. The OneRF system is the only FDA-cleared radiofrequency ablation system in the US for both diagnostic and therapeutic use, having demonstrated success in identifying and ablating brain tissue causing seizures. The system allows for bedside procedures, reducing hospital stays and operating costs while enabling diagnosis and treatment in a single hospitalization.
NeuroOne Medical Technologies (Nasdaq: NMTC), a medical technology company specializing in neurological disorder treatments, has announced its participation in The ThinkEquity Conference on October 30, 2024. The event will be held at the Mandarin Oriental Hotel in New York. CFO Ron McClurg will deliver a presentation at 9:00 am ET, and the company will conduct one-on-one investor meetings throughout the day. The conference brings together institutional investors, corporate clients, and industry professionals to showcase innovations and financial strategies. The presentation will be available via live stream, and interested investors can register to attend and schedule meetings.
NeuroOne Medical Technologies (Nasdaq: NMTC) announced that its percutaneous paddle technology for spinal cord stimulation will be featured at The Business of Pain Meeting in Nashville, TN. Dr. Sean Li, a renowned pain specialist and course director, will present on this innovative tool for lower back pain.
Dr. Li, President of the New Jersey Society of Interventional Pain Physicians and Treasurer of the American Society of Pain and Neuroscience, praised the technology as the most advanced percutaneous spinal cord stimulation electrode he has worked with. He believes it combines the benefits of surgically placed paddle electrodes with those of percutaneous placement, potentially improving treatment for chronic lower back pain patients.
NeuroOne estimates the current spinal cord stimulation market to be approximately $3 billion worldwide, citing large addressable patient populations with unmet clinical needs.
NeuroOne Medical Technologies (Nasdaq: NMTC) announced a breakthrough case using its OneRF™ Ablation System at University Hospitals in Cleveland. Forty-four ablations were successfully performed on one patient over two days, guided by sEEG recordings. The patient is reportedly seizure-free two months post-procedure, with improvements in mood and memory.
Dr. Michael Staudt, the lead neurosurgeon, expressed satisfaction with the system's performance and its potential to benefit many patients. CEO Dave Rosa highlighted the case's uniqueness, exceeding the range of ablations found in clinical literature. The OneRF™ Ablation System is NeuroOne's third FDA 510(k)-cleared device and first with a therapeutic indication. NeuroOne estimates the current brain ablation market at $100M worldwide with significant growth potential.
NeuroOne Medical Technologies (NMTC), a medical technology company focused on improving surgical care for neurological disorders, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event will take place both in-person and virtually from September 9-11, 2024.
Chief Operating Officer Chris Volker will deliver a virtual presentation, available on demand starting at 7:00 a.m. ET on Monday, September 9, 2024, and continuing throughout the conference. Investors can register for the conference online to access the presentation. Additionally, registered investors can schedule one-on-one meetings through the conference website or by contacting their H.C. Wainwright representative.
NeuroOne Medical Technologies (NMTC) reported its Q3 fiscal year 2024 financial results and provided a corporate update. Key highlights include:
- Product revenue increased to $826,000 in Q3 2024, up from $630,000 in Q3 2023
- Operating expenses reduced from $3.8 million to $3.1 million year-over-year
- Completed first implants and ablations with OneRF™ Ablation System
- Signed non-binding term sheet for distribution partnership of OneRF™ Ablation System
- Raised $1.6 million through ATM Program in Q3 2024
- Completed $2.65 million private placement and secured $3.0 million credit facility in August 2024
The company continues to advance its product pipeline, including RF ablation applications, sEEG-based drug delivery, and a percutaneous paddle lead for spinal cord stimulation.
NeuroOne Medical Technologies (Nasdaq: NMTC), a medical technology company focused on improving surgical care options for neurological disorders, has announced it will host a conference call and webcast on August 14, 2024, at 4:30 PM Eastern Time. The event will cover financial results for the third quarter of fiscal year 2024 ended June 30, 2024, and provide a corporate update.
The conference call will be accessible via toll-free and international numbers, with a participant access code. A phone replay will be available until August 28, 2024. Additionally, a live webcast will be provided, with the replay available for 12 months.