Catheter Precision Stock Price, News & Analysis

Catheter Precision (NYSE:VTAK) has announced the formation of a new joint venture called Kardionav to develop advanced AI-powered software for ventricular tachycardia (VT) ablation. The venture combines VTAK's expertise with Chelak iECG to enhance VT treatment outcomes through improved mapping technology.

The ownership structure allocates 56% to VTAK, 33% to Chelak iECG, and 10% to management. Dr. Jie Cheng, founder of Chelak iECG and Clinical Professor at Baylor College of Medicine, will serve as the primary researcher, bringing significant AI and arrhythmia localization expertise to the venture.

The joint venture aims to develop a standalone ventricular mapping system that will integrate vector technology with imaging of conduction channels and velocity calculations. This next-generation technology builds upon VTAK's existing VIVO platform and seeks to address current limitations in VT ablation procedures, including lengthy procedure times and imprecise ablation site targeting.

Catheter Precision (NYSE American: VTAK), a medical device company specializing in electrophysiology products, has issued a statement addressing unusual trading activity in its stock. The company explicitly stated it is unaware of any operational or company-related information that would explain the increased market activity. Management confirmed they are continuing to execute their previously disclosed strategic plans, including actively seeking financing to address their liquidity requirements.

Catheter Precision (VTAK) reported significant growth in LockeT sales for Q2 2025, showing a 200% increase compared to Q2 2024. Several major US hospitals, including Montefiore, Eisenhower Health, and Overland Park Regional Medical Center, are expected to place purchase orders exceeding $100,000 each for LockeT by year-end. Following CE Mark approval for European sales, the company has secured an Italian distributor and is finalizing distribution partnerships in Spain, Portugal, and the UK. A live demonstration of LockeT is scheduled for June 16 at an Italian symposium by a key opinion leader, aimed at increasing product awareness in the new European market.

Catheter Precision (VTAK) has secured its first VIVO product purchase order from Sahlgrenska University Hospital (SUH) in Sweden. SUH, the largest hospital in Sweden, treats 350,000 patients annually and operates the region's largest ventricular ablation program. CEO David Jenkins emphasized the strategic importance of partnering with SUH as a teaching hospital, noting that training new physicians on their products creates future sales opportunities when doctors transition to other institutions. This development marks Catheter Precision's expansion into the Swedish market with their cardiac electrophysiology technology.

Catheter Precision (NYSE American: VTAK) has received CE Mark approval for LockeT, its advanced vascular closure device, enabling market access in the EU, UK, Switzerland, and Turkey. The European Vascular Closure Devices Market, valued at $3.1 billion in 2024, is projected to reach $4.3 billion by 2028 with a 7% CAGR.

The company has already secured its first order of 100 units and is in discussions with multiple distribution partners. LockeT offers economic advantages over competing products and features easy deployment, patient comfort, and intuitive recovery nursing processes.

Catheter Precision (NYSE: VTAK) reported its Q1 2025 financial results and operational updates. Sales revenue increased 74% to $143,000 compared to $82,000 in Q1 2024. The company recorded a net loss of $4.0 million, with $1.2 million in non-cash charges. Key highlights include approximately 50 hospitals evaluating VIVO and LockeT devices, acquisition of Cardionomics' assets including their Cardiac Pulmonary Nerve Stimulation System, and PeriKard LLC acquisition. The company presented four abstracts at the Heart Rhythm Society Symposium, showing strong clinical results for both VIVO (94% accuracy rate) and LockeT devices. Post-quarter, VTAK secured a $1.5 million private placement from institutional investors. As of March 31, 2025, total assets were $24.8 million, with shareholders' equity at $7.9 million and cash position at $450,000.

Catheter Precision (VTAK) has secured a $1.5 million private placement equity financing and acquired promissory notes of QHSLab. The financing involves selling 1,500 shares of Series B Preferred Stock convertible into 4,287,000 common shares, along with 4,285,716 warrants at a $0.50 exercise price. Additionally, the company issued another 1,500 preferred shares to acquire QHSLab's senior secured notes worth approximately $1.6 million.

The strategic move aims to expand Catheter Precision's reach into general cardiology and cardiac electrophysiology with office-oriented product lines. QHSLab operates in physician marketplaces, offering diagnostic solutions for mental health, cardiology, drug compliance, and allergy analyses. Ladenburg Thalmann & Co. served as the exclusive placement agent for these transactions.

Catheter Precision (VTAK) has announced that its 82% owned subsidiary has acquired key heart failure assets from Cardionomic, Inc. The acquisition includes the CPNS System, an innovative therapy for treating acute decompensated heart failure (ADHF). The system uses electrical stimulation via a temporary catheter in the pulmonary artery to target heart failure's root cause by stimulating autonomic cardiac nerves. This technology addresses a significant medical need, as over 1 million Americans are hospitalized annually for ADHF, with patients facing high in-hospital morbidity, frequent rehospitalization, and subsequent death risks. Initial studies of the CPNS System have shown promising results. The acquisition follows a definitive agreement made with a Cardionomic assignor in April.

Catheter Precision (VTAK) presented new clinical data for their VIVO non-invasive mapping system at the 46th Annual Heart Rhythm Association Conference. The system, which identifies ventricular arrhythmia areas pre-procedure, has shown over 95% accuracy and reduces procedure time by nearly 30%. Leading physicians presented data highlighting key benefits: statistically significant improvements in procedural outcomes when used pre-procedurally, ability to identify arrhythmia sources in challenging cases, and high accuracy with successful long-term outcomes in ischemic ventricular tachycardia patients. The data is being prepared for submission to industry journals for detailed publications.