ReShape Lifesciences Inc. Stock Price, News & Analysis

ReShape Lifesciences (NASDAQ:RSLS) has launched ReShape Optimize™, a new line of supplements tailored for bariatric surgery and weight loss patients, in collaboration with ProCare Health. This expansion seeks to meet the increasing demand for quality supplementation that addresses nutritional deficiencies. Over 195 million U.S. adults take dietary supplements, and the ReShape Optimize line includes multivitamins, probiotics, calcium, and protein supplements. The products will be available on the ReShape Marketplace™, enhancing the company’s comprehensive offerings in the weight loss sector.

ReShape Lifesciences (NASDAQ:RSLS) will be represented by Thomas Stankovich, Chief Financial Officer, at the 6th Annual Dawson James Small Cap Growth Conference on October 21, 2021. The event will take place at the Wyndham Grand Hotel in Jupiter, Florida, and Stankovich's presentation is slated for 2:25 p.m. ET. He will discuss the company's business operations and value creation in its weight-loss product portfolio. Interested investors can schedule one-on-one meetings through their Dawson James contact or Daniel Kontoh-Boateng at The Ruth Group.

ReShape Lifesciences (NASDAQ: RSLS) has launched a comprehensive advertising campaign to promote its Next-Generation Lap-Band Program, aiming to increase patient demand. This multi-platform initiative includes national television ads on popular channels and print advertisements in major consumer publications. The campaign responds to the significant rise in obesity, projected to affect nearly half the adult population by 2030. ReShape's goal is to build brand awareness and drive procedural volumes, leveraging data from historical marketing efforts.

ReShape Lifesciences (NASDAQ:RSLS) was featured in BioTuesdays, highlighting its role in addressing obesity-related health issues. CEO Bart Bandy emphasized the company's comprehensive approach to weight loss solutions, differentiating from competitors focused on single therapies. Their lead product, Lap-Band®, has over 1 million placements globally, offering a minimally invasive option for obesity treatment. ReShape aims to support patients through various products, including the investigational ReShape Vest™ and the virtual reshape™ program, targeting the growing health crisis of obesity and metabolic diseases.

ReShape Lifesciences (NASDAQ:RSLS) will exhibit at the 17th Annual Bariatric Summit in Washington, D.C., on September 18-19, 2021. Heather Mackie, Director of reshapecare™, will present during key patient care sessions. The summit aims to foster discussions among healthcare professionals on obesity-related conditions and integrated weight loss solutions. ReShape's exhibit opens at 9:25 AM ET on September 18. Mackie will cover topics including vitamin deficiencies post-surgery and nutritional guidance.

ReShape Lifesciences (NASDAQ: RSLS) announced that its leadership will present at the Oppenheimer Fall Healthcare Life Sciences and MedTech Summit on September 20, 2021, at 2:05 p.m. ET. The presentation will be accessible via a webcast link provided in the announcement. An audio replay will be available for 90 days post-presentation. Management will also conduct one-on-one meetings during the summit. ReShape Lifesciences specializes in weight loss and metabolic health solutions, offering FDA-approved products such as the Lap-Band® Program and innovative devices like the ReShape Vest™ System.

ReShape Lifesciences (NASDAQ:RSLS) has appointed Al Diaz as Vice President of Operations and Research and Development. Mr. Diaz brings over 30 years of executive experience, previously serving as Executive VP at ClearFlow, Inc. His role will focus on enhancing manufacturing and R&D efforts post-merger with Obalon Therapeutics. Bart Bandy, CEO, expressed enthusiasm for Diaz’s addition to the team, emphasizing the importance of his leadership in driving profitability and expansion.

ReShape Lifesciences (NASDAQ:RSLS) reported strong financial results for Q2 2021, achieving revenue of $3.5 million, up from $1.7 million in Q2 2020. The merger with Obalon Therapeutics enhances market positioning, while the launch of ReShape Marketplace TM expands its weight loss product ecosystem. The company raised $46 million in funding, eliminating debt and improving its balance sheet. Gross profit rose to $2.1 million from $0.8 million year-over-year. Total operating expenses increased to $5.9 million, with a reduced adjusted EBITDA loss of $1.2 million.

ReShape Lifesciences Inc. (NASDAQ:RSLS) reported impressive preliminary results for Q2 2021, with revenues of $3.5 million, marking a 107% increase from $1.7 million in Q2 2020. The gross profit reached $2.1 million, reflecting a gross margin of 61%, up from 49% year-over-year. The company also completed a merger with Obalon Therapeutics, raised $46 million in funding, and transitioned manufacturing to a US-based firm. Cash and equivalents stood at $40.2 million as of June 30, 2021.