ENDRA Life Sciences Inc. (NDRA) Bundle
A Brief History of ENDRA Life Sciences Inc. (NDRA)
Company Formation and Initial Focus
Founded in 2010, ENDRA Life Sciences Inc. is a biotechnology company focused on developing novel imaging technology. The company's flagship product is TAEUS, a proprietary system designed to enhance the detection of liver fat and other tissues.
Funding and Growth
In 2017, ENDRA went public through a reverse merger, achieving a valuation of approximately $30 million. The company raised $4.4 million in an initial public offering (IPO) in 2018 to further advance its research and development efforts.
Technological Innovations
ENDRA's TAEUS system utilizes a unique combination of ultrasound and proprietary software to provide real-time imaging of organ tissues. This technology addresses significant clinical needs in non-invasive diagnostics.
Regulatory Milestones
In April 2020, ENDRA received 510(k) clearance from the U.S. Food and Drug Administration for its TAEUS system, allowing the company to market its product in the United States. This clearance marked a significant milestone in the company’s journey.
Market Penetration and Sales Growth
By 2021, ENDRA reported sales close to $1 million for its TAEUS system in various pilot programs and partnerships. The company projected revenue growth of over 50% annually as it increased its market penetration into the diagnostic imaging sector.
Financial Performance
As of Q3 2023, ENDRA reported total assets of $16.2 million and liabilities of $3.8 million, resulting in a total shareholder equity of $12.4 million. The company's net loss for the same quarter was approximately $2.2 million.
| Financial Metric | Q3 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $16.2 million | $14.5 million | $10.8 million |
| Total Liabilities | $3.8 million | $3.5 million | $2.0 million |
| Shareholder Equity | $12.4 million | $11.0 million | $8.8 million |
| Net Loss | $2.2 million | $1.8 million | $1.5 million |
Strategic Partnerships
In 2022, ENDRA entered into a strategic partnership with multiple healthcare institutions to enhance the clinical application of its technology, aiming to increase the adoption of its imaging solutions among healthcare providers.
Future Outlook
ENDRA Life Sciences continues to focus on expanding its product offerings and enhancing its market position. The company is projecting revenue growth driven by increasing demand for non-invasive diagnostic technologies, with an expected revenue target of $5 million by the end of 2024.
Recent Developments
As of October 2023, ENDRA announced a collaboration with leading hospitals for extensive clinical trials aimed at validating its TAEUS technology across diverse patient populations, further solidifying its foothold in the imaging market.
A Who Owns ENDRA Life Sciences Inc. (NDRA)
Current Ownership Structure
Current Ownership Structure
As of October 2023, ENDRA Life Sciences Inc. (NDRA) has a diverse shareholder base comprised of institutional investors, individual investors, and insiders. The company's ownership is characterized by various entities holding significant stakes.
| Owner Type | Percentage Ownership | Number of Shares Owned | Notable Owners |
|---|---|---|---|
| Institutional Investors | 25% | 3,500,000 | Vanguard Group, BlackRock, Inc. |
| Insiders | 15% | 2,100,000 | President & CEO, CTO |
| Retail Investors | 60% | 8,400,000 | Various Individual Shareholders |
Institutional Investors
Institutional investors play a crucial role in the ownership of ENDRA Life Sciences Inc., holding approximately 25% of the company's shares.
- Vanguard Group: Holds around 1,200,000 shares.
- BlackRock, Inc.: Owns approximately 1,000,000 shares.
- Other Institutions: Combined ownership of 1,300,000 shares.
Insider Ownership
Insider holdings account for about 15% of ENDRA's shares.
- President & CEO: Owns 800,000 shares.
- Chief Technology Officer: Holds 600,000 shares.
- Other Executives: Collectively own 700,000 shares.
Retail Ownership
Retail investors constitute the largest segment of ENDRA Life Sciences' ownership at 60%.
- Individual Shareholders: Own approximately 8,400,000 shares.
- Investment Clubs: Hold around 400,000 shares.
Recent Share Performance
As of mid-October 2023, ENDRA Life Sciences shares trade at approximately $1.20 per share.
The market capitalization of ENDRA is roughly $36 million.
Stock Exchange Listing
ENDRA Life Sciences Inc. is listed on the NASDAQ under the ticker symbol NDRA.
Historical Share Price Data
| Date | Closing Price ($) | Volume |
|---|---|---|
| October 1, 2023 | 1.10 | 150,000 |
| October 10, 2023 | 1.15 | 180,000 |
| October 15, 2023 | 1.20 | 220,000 |
Future Projections
Analysts predict that the stock may rise by approximately 20% over the next year due to upcoming product launches and market demand.
ENDRA Life Sciences Inc. (NDRA) Mission Statement
Mission Overview
ENDRA Life Sciences Inc. is dedicated to innovating and commercializing advanced imaging technologies that improve the detection and management of cancer and other diseases. The company is committed to providing clinicians with transformative tools that enable enhanced diagnostic capabilities at lower costs.
Core Values
- Innovation: Commitment to develop groundbreaking technologies in medical imaging.
- Quality: Ensuring the highest standards in product development.
- Accessibility: Making advanced medical imaging technologies available to a broader audience.
- Collaboration: Partnering with healthcare professionals and institutions to enhance patient care.
Financial Data
| Year | Total Revenue ($) | Net Income ($) | R&D Expenses ($) | Operating Expenses ($) |
|---|---|---|---|---|
| 2020 | 1,200,000 | (8,000,000) | 4,500,000 | 5,000,000 |
| 2021 | 2,500,000 | (6,200,000) | 5,800,000 | 6,500,000 |
| 2022 | 4,800,000 | (4,500,000) | 6,200,000 | 7,000,000 |
| 2023 | 6,500,000 | (3,200,000) | 7,500,000 | 8,000,000 |
Market Position
As of October 2023, ENDRA Life Sciences Inc. has established itself in the medical imaging market, focusing on improving ultrasound technologies. The company operates within a market valued at approximately $2.2 billion in 2023, with expected growth rates of 10.5% CAGR through 2027.
Technology and Innovation
ENDRA's flagship product, the TAEUS™ platform, is designed to provide advanced imaging solutions that enhance the diagnostic processes for liver and cancer conditions. The TAEUS™ system utilizes patented technology to deliver quantitative imaging results, setting a new standard in non-invasive diagnostics.
Strategic Goals
- Expand product development pipeline to incorporate AI and machine learning capabilities.
- Increase penetration in the European and Asian markets, targeting a revenue contribution of 30% by 2025.
- Achieve operational profitability by the end of 2026.
- Enhance partnerships with leading healthcare providers for collaborative clinical studies.
Recent Developments
In the first half of 2023, ENDRA Life Sciences secured approximately $10 million in funding to accelerate the commercialization of its TAEUS™ platform. Additionally, the company is in negotiations with several hospitals and clinics to integrate their technology into routine diagnostic processes.
How ENDRA Life Sciences Inc. (NDRA) Works
Company Overview
Company Overview
ENDRA Life Sciences Inc. (NDRA) specializes in innovative medical imaging technology. The company focuses on enhancing health care diagnostics through its proprietary thermal imaging solutions. ENDRA's flagship product is the TGO (Thermal Gradient Optics) system.
Business Model
ENDRA adopts a sales model targeting hospitals and medical institutions that require advanced imaging technologies. The TGO system aims to provide a non-invasive method for assessing tissue health in areas like liver steatosis.
Market Potential
The global liver disease diagnostics market is projected to grow from $3.86 billion in 2020 to $5.75 billion by 2027, reflecting a CAGR of 5.7% (Source: Fortune Business Insights).
Financial Performance
As of Q2 2023, ENDRA reported revenues of $0.5 million. The company had cash and cash equivalents of $11.4 million at the end of Q2 2023.
| Financial Metric | Q1 2023 | Q2 2023 |
|---|---|---|
| Revenue | $0.4 million | $0.5 million |
| Net Loss | ($2.3 million) | ($2.1 million) |
| Cash and Cash Equivalents | $10.9 million | $11.4 million |
Key Technology
The TGO system operates by measuring temperature differences in tissue, allowing for tissue characterization and evaluation. It aims to address the limitations of current imaging techniques such as ultrasound and MRI.
Regulatory Approval
ENDRA's TGO is currently seeking 510(k) clearance from the FDA. The timeline for clearance is estimated between 12 to 18 months as of August 2023.
Partnerships and Collaborations
- Collaboration with Cleveland Clinic for clinical trials starting in Q3 2023.
- Partnership with Mayo Clinic to expand the application of TGO technology in liver diagnostics.
- Agreement with medical device distributors in Europe to facilitate market entry by 2024.
Competitive Landscape
- Collaboration with Cleveland Clinic for clinical trials starting in Q3 2023.
- Partnership with Mayo Clinic to expand the application of TGO technology in liver diagnostics.
- Agreement with medical device distributors in Europe to facilitate market entry by 2024.
Competitive Landscape
ENDRA faces competition from various companies in the imaging sector, including:
| Company | Technology | Market Capitalization (as of 2023) |
|---|---|---|
| GE Healthcare | Ultrasound, MRI | $124 billion |
| Philips | Imaging Systems | $47 billion |
| Siemens Healthineers | Imaging Technology | $60 billion |
Future Outlook
ENDRA aims to increase its market penetration by launching new applications for its TGO technology, targeting various organs and expanding into international markets. The anticipated total addressable market for liver diagnostics alone is estimated at $1.1 billion by 2025.
Investment and Funding
ENDRA has raised approximately $24 million in funding through various rounds since its inception. In August 2023, the company secured $5 million in a private placement.
| Funding Round | Amount Raised | Date |
|---|---|---|
| Seed Round | $3 million | November 2016 |
| Series A | $10 million | April 2018 |
| Private Placement | $5 million | August 2023 |
How ENDRA Life Sciences Inc. (NDRA) Makes Money
Revenue Streams
ENDRA Life Sciences Inc. primarily generates revenue through the following streams:
- Sales of its TAEUS® product line
- Collaborative agreements and partnerships
- Grants and government funding
TAEUS® Product Line
ENDRA's flagship product, TAEUS®, is an innovative ultrasound technology designed to improve the detection of liver disease. The product is aimed at medical professionals and healthcare facilities.
The pricing model for TAEUS® is based on a combination of upfront payments and recurring service agreements, which contribute to the overall revenue.
Financial Performance and Sales Figures
As of the end of 2022, ENDRA Life Sciences reported a total revenue of $1.1 million, with a year-over-year growth of 200%. The projected revenue for 2023 is estimated to reach approximately $3.5 million.
| Year | Total Revenue ($ million) | Year-over-Year Growth (%) |
|---|---|---|
| 2020 | 0.1 | N/A |
| 2021 | 0.25 | 150% |
| 2022 | 1.1 | 200% |
| 2023 (Projected) | 3.5 | 218% |
Collaborative Agreements
ENDRA has entered into several partnerships and licensing agreements, which not only provide capital but also enhance market reach. These arrangements often involve milestone payments and royalties based on product sales.
In 2022, ENDRA announced a collaboration with a leading imaging company, which is projected to contribute an additional $500,000 in revenue over the following three years.
Grants and Government Funding
ENDRA also seeks funding through various government and non-profit grants, enhancing their financial stability. In 2021, they received a grant of $1 million from the National Institutes of Health (NIH) to support the development of liver imaging technologies.
Market Potential
The global ultrasound market is projected to reach $10.27 billion by 2028, growing at a CAGR of 5.4% from 2021 to 2028. ENDRA's innovative technology positions it well within this expanding market.
Cost Structure
The cost structure of ENDRA includes:
- Research and development expenses
- Manufacturing and operational costs
- Marketing and sales expenses
In 2022, the company reported an R&D expense of $3.3 million, which accounted for more than 70% of its total expenditures.
| Expense Type | Amount ($ million) | Percentage of Total Expenses (%) |
|---|---|---|
| R&D | 3.3 | 70% |
| Manufacturing | 1.0 | 20% |
| Marketing | 0.4 | 10% |
Future Outlook
To achieve its financial targets, ENDRA is focusing on increasing its sales force and expanding its marketing efforts. The company aims to partner with additional healthcare providers to enhance its footprint in the medical imaging market.
ENDRA's projected operating loss for 2023 is estimated at $4 million, as it continues to invest heavily in product development and market penetration.
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