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Movano Inc   (MOVE)
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Price: $0.5921 $0.00 -0.152%
Day's High: $0.6196 Week Perf: 5.54 %
Day's Low: $ 0.58 30 Day Perf: 0.19 %
Volume (M): 82 52 Wk High: $ 1.50
Volume (M$): $ 48 52 Wk Avg: $1.02
Open: $0.62 52 Wk Low: $0.56



 Market Capitalization (Millions $) 30
 Shares Outstanding (Millions) 51
 Employees 27
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -31
 Cash Flow (TTM) (Millions $) -8
 Capital Exp. (TTM) (Millions $) 0

Movano Inc
Movano Inc., a Delaware corporation, is developing a platform to deliver purpose-driven healthcare solutions at the intersection of medtech and consumer devices. Our mission is to empower and inspire you to live a healthier, happier life.
The Company's proprietary platform uses Radio Frequency ('RF') technology, which we believe will enable the creation of low-cost and scalable sensors that are small enough to fit into wearable devices and other small form factors. Combined with our mobile app and cloud infrastructure, we expect that our platform will provide users with the ability to measure and continuously monitor vital health data and provide actionable feedback to jumpstart changes in behaviors.

The Company's platform is the foundation for its first product in development, the Movano Ring. The smart ring and its accompanying app will combine vital health metrics with personalized intelligent feedback and is designed for women of all ages, who are traditionally an afterthought when it comes to wearable technology. Once developed, we expect the Ring will measure heart rate, heart rate variability ('HRV'), sleep, respiration, temperature, blood oxygen saturation ('SpO2'), steps, calories and incorporate women-centric features and design. The device will provide users and their network of caregivers with health data distilled down to simple, yet meaningful, insights to help users make manageable lifestyle changes and take a more proactive approach to their health that could help mitigate the risks associated with chronic disease.
Our first planned product is currently in the development stage. For testing, we are using a full finger prototype and are currently shrinking the ring prototype to fit into a device similar to the one that is depicted in the image above. The ring prototype also has an optical sensor to estimate SpO2 measurements and an accelerometer to measure steps and calories.

We are also testing a wrist-worn wearable prototype that contains several proprietary ICs. Our proprietary integrated circuits in the wrist-worn prototype, which are supported by a radio-frequency technology platform, app and cloud infrastructure, allow us to calculate blood pressure, glucose, heart rate, and respiration rate estimates. In its current state, this prototype allows us to collect data, which we are using to generate glucose, blood pressure and heart rate estimates. The accuracy of the technology will be refined as our algorithms are improved and as we test larger cross sections of people in our external studies. We are currently in the process of shrinking the prototype.


   Company Address: 6800 Koll Center Parkway Pleasanton 94566 CA
   Company Phone Number: 651-3172   Stock Exchange / Ticker: NASDAQ MOVE
   MOVE is expected to report next financial results on March 29, 2024.


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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MASI   -0.61%    
MDT   -2.39%    
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GE        3.29% 
• View Complete Report
   



Movano Inc

Move Reports Robust Third Quarter Performance for Movano Inc. among Multiple Entities in 2023

Movano Inc, a Medical Equipment & Supplies company, has recently reported its financial results for the third quarter of 2023. The company has experienced an operating shortfall of $-9.079 million, which is a slight increase compared to the same period in the previous year. Additionally, Movano Inc recorded a net deficit of $-8.962 million, showing a growth from the corresponding interval a year ago.
The market participants are now questioning when the company will start to witness growth in its top-line. This concern arises as Movano Inc continues to face financial challenges and struggles to improve its performance in the Medical Equipment & Supplies industry.

Movano Inc

Movano Inc Faces Significant Contraction in Operating Results, Struggles to Generate Revenue in Q2 2023

The Medical Equipment & Supplies industry is currently analyzing the financial results of the second quarter of 2023. In this quarter, the company experienced an operating shortfall of $-7.384 million. It is important to note that the company has not reported any top-line figures yet for this specific period.
At present, the focus of investors is on the potential revenue streams that the company may generate in the near future, rather than on the existing organizational and operational excellence of the Medical Equipment & Supplies company. The corporation is actively exploring various business strategies to secure these revenue streams.

Movano Inc

Move Inc's Financial Report Revealed: The Path to Profitability Amidst Challenging Times in Internet Services & Social Media Sector

The latest earnings period of fiscal January to March 31 2023 has seen several corporations in the Internet Services & Social Media sector release their financial reports. One of them, MOVE, has reported an operating shortfall of $-7.203 million, which represents a decline from its previous quarter's operating shortfall of $-6.938 million.
MOVE's recent performance has set analysts abuzz with questions about its revenue projections and when it might start citing increased revenue. This is a common occurrence as corporations work to cultivate a successful business model and sometimes face choppy periods. As of the fiscal year ending March 31, 2023, MOVE's net loss has grown to $-7.096 million.






 




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