CSIMarket
 
Petvivo Holdings Inc  (PETV)
Other Ticker:  
 
 
Price: $1.0000 $-0.02 -1.961%
Day's High: $1.04 Week Perf: -6.54 %
Day's Low: $ 0.97 30 Day Perf: -14.53 %
Volume (M): 30 52 Wk High: $ 3.09
Volume (M$): $ 30 52 Wk Avg: $1.76
Open: $0.98 52 Wk Low: $0.55



 Market Capitalization (Millions $) 14
 Shares Outstanding (Millions) 14
 Employees 4
 Revenues (TTM) (Millions $) 1
 Net Income (TTM) (Millions $) -11
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Petvivo Holdings Inc

We are based in suburban Minneapolis, Minnesota. We are a biomedical device company, which has been primarily engaged in the business of adapting human biomedical technology for products to be introduced for commercial sale in the veterinary market to treat pets and other animals suffering from arthritis and other afflictions. Our initial product, now being commercialized, is a medical device featuring injections of patented gel-like biomaterials into the afflicted body parts of pets or other animals suffering from osteoarthritis. The technology and manufacturing capability of this product was developed by Gel-Del and acquired by us for use to treat dogs, horses and other animals, but not for treatment of human afflictions. While working together pursuant to our initial license agreement, we and Gel-Del determined to combine our two companies through a stock exchange merger for the purpose of creating one combined entity utilizing Gel-Del technology to produce, market, and sell medical products based on Gel-Del technology for both animals and humans. After lengthy negotiations the parties entered into a definitive agreement for this merger, which resulted in the consummation of the merger in April, 2017.

We are an emerging biomedical device company focused on the licensing and commercialization of innovative medical devices and therapeutics for pets, based in Minneapolis, Minnesota. We operate in the $15 billion US veterinary care market that has grown at a CAGR of 6.4% over the past five years according to the American Pet Products Association. Despite the market size, veterinary clinics and hospitals have very few treatments and/or drugs for use in pets and other animals.

The role of pets in the family has greatly evolved in recent years. Many pet owners consider their pets an important member of the family. They are now willing to spend greater amounts of money on their pets to maintain their health and quality of life.

We intend to leverage investments already expended in the development of human therapeutics to commercialize treatments for pets in a capital and time efficient way. A key component of this strategy is the accelerated timeline to revenues for veterinary medical devices, which enter the market earlier than the more stringently regulated veterinary pharmaceuticals or human therapeutics.

We are planning to aggressively launch our lead product Kush™ Canine in Q4 2017. Kush Canine is a veterinarian-administered joint injection for the treatment of osteoarthritis in dogs. The Kush Canine device is made from natural components that are lubricious and cushioning to perform like cartilage for the treatment of pain and inflammation associated with osteoarthritis.

We believe that Kush Canine is a superior treatment that safely improves joint function. The reparative Kush Canine particles are lubricious, cushioning and long lasting. The spongy protein-based particles in Kush Canine mimic the composition and protective function of cartilage (i.e., providing both a slippery cushion and healing scaffolding). The Kush Canine particles protect the joint as an artificial cartilage.

Using industry sources we estimate osteoarthritis afflicts 20 million owned dogs in the United States and the European Union, making canine osteoarthritis a $2.3 billion market opportunity. See Johnston, Spencer A. “Osteoarthritis. Joint anatomy, physiology, and pathobiology.” The Veterinary clinics of North (1997):699-723;

Osteoarthritis is a condition with degenerating cartilage, creating joint stiffness from mechanical stress resulting in inflammation and pain. The lameness caused by osteoarthritis worsens with time from the ongoing loss of protective cushion and lubricity (i.e., loss of slippery padding). There is no current treatment for osteoarthritis, only palliative pain therapy or joint replacement. Non-steroidal anti-inflammatory drugs (NSAIDs) are used to alleviate the pain and inflammation, but long-term use has been shown to cause gastric problems. NSAIDs do not treat the cartilage degeneration issue to halt or slow the progression of the osteoarthritis condition.

We believe that our Kush Canine osteoarthritis treatment is far superior to current methodology of using NSAIDs. NSAIDs have many side effects, especially in canines, whereas the company’s injected Kush Canine treatment has been found to elicit no adverse side effects. Remarkably, Kush treated dogs show an increase in activity even after they no longer are receiving pain medication.

No special training is required for the administration of the Kush Canine devices. The treatment is injected into synovial joint space using standard intra-articular injection technique and multiple joints can be treated simultaneously. Kush Canine immediately treats effects of osteoarthritis with no special post treatment requirements.

Historically, drug sales represent up to 30% of revenues at a typical veterinary practice (Veterinary Practice News). Revenues and margins at veterinary practices are being eroded because online, big box and traditional pharmacies recently started filling veterinary prescriptions. Veterinary practices are looking for ways to replace the lost prescription revenues. Our treatments expand practice revenues & margins because they are veterinarian-administered. Our Kush Canine device is veterinarian-administered to expand practice revenues and margins. We believe that the increased revenues and margins provided by Kush Canine will accelerate its adoption rate and propel it forward as the standard of care for canine osteoarthritis.

Our product launch schedule includes at least two additional product releases in 2018. Our Kush Equine device for the treatment of equine lameness related to or impacting synovial joints is scheduled for launch in Q1 2018. The Kush Equine product has similar features and benefits as our Kush Canine device. In addition to being a treatment for osteoarthritis, the joint cushioning and lubricity effects of our devices have shown an ability to treat equine lameness that is due to navicular disease (a problem associated with misalignment of joints and bones in the hoof and digits). We anticipate launching our Kush Digital Cushion (DC) device for the treatment of navicular disease in 2018.

Based on a variety of industry sources we estimate that 1 million owned horses in the United Stated and European Union suffer from lameness and/or navicular disease each year, making the equine lameness and navicular disease market an annual opportunity worth $600 million. See Kane, Albert J., Josie Traub-Dargatz, Willard C. Losinger, and Lindsey P. Garber; “The occurrence and causes of lameness and laminitis in the US horse population” Proc Am Assoc Equine Pract. San Antonio (2000): 277-80; Seitzinger, Ann Hillberg, J. L. Traub-Dargatz, A. J. Kane, C. A. Kopral, P. S. Morley, L. P. Garber, W. C. Losinger, and G. W. Hill. “A comparison of the economic costs of equine lameness, colic, and equine protozoal myeloencephalitis (EPM).” In Proceedings, pp. 1048-1050. 2000; and Kilby, E. R. 10 CHAPTER, The Demographics of the U.S. Equine Population, The State of the Animals IV: 2007.



   Company Address: 5251 Edina Industrial Blvd. Edina 55439 MN
   Company Phone Number: 405-6216   Stock Exchange / Ticker: NASDAQ PETV
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
PDCO   -0.67%    
LLY        1.02% 
MRK   -0.99%    
PFE   -1.04%    
• View Complete Report
   



Petvivo Holdings Inc

Petvivo Holdings Inc. Soars to New Heights in Third Quarter Financial Results, Bucking Industry Trends

As a financial analyst for the , I have been closely following the recent financial results of Petvivo Holdings Inc for the third quarter of 2024. The numbers show a significant improvement in the company's performance compared to the previous year, with a decrease in loss per share, an increase in revenue, and a reduction in net loss.
One of the key highlights of the financial report is the substantial growth in revenue, which jumped by 16.816% to $0.60 million from $0.51 million in the same period last year. This growth is especially impressive when compared to the industry average, as most companies in the Medical Equipment & Supplies sector experienced a growth of only 5.58% during the same period.

Petvivo Holdings Inc

Petvivo Holdings Inc Experiences Widening Losses in Q2 2024 Amid Decrease in Orders


As an investor closely following Petvivo Holdings Inc, the recent financial results have presented a mixed bag of challenges and opportunities. In the second quarter of 2024, the company experienced lower turnover, resulting in a significant revenue decrease and a larger shortfall per share compared to the previous year. However, there were notable signs of potential growth and increasing demand within the Medical Equipment & Supplies industry.
One of the key financial indicators is the revenue, which decreased by -7.127% to $0.21 million year on year. This decline is concerning for Petvivo Holdings Inc, as it points to potential shortcomings in the company's ability to generate sales. Comparatively, the Medical Equipment & Supplies industry as a whole recorded a top-line rise in the same period, suggesting that Petvivo may be facing certain internal challenges.

Petvivo Holdings Inc

Medical Equipment & Supplies Company Faces Escalating Diminishing Returns in Q2 2023 Fiscal Period; Petvivo Holdings Inc. Reports Significant Revenue Growth but Increased Loss Per Share

Financial News Report: Petvivo Holdings Inc Reports Solid Revenue Growth but Increased Loss Per Share in Q2 2023
Petvivo Holdings Inc, a leading company in the pet healthcare industry, announced a remarkable rise in revenue of 101.435% year on year in the three-month period ending June 30, 2023. The company's revenue reached $0.12 million during this period. However, despite this impressive revenue growth, Petvivo Holdings Inc reported an increased loss per share at $-0.25 compared to the previous financial reporting period.
In the prior year, the company experienced a loss per share of $-0.21, showing an advancement in losses. Additionally, the revenue decreased by -6.701% from $0.13 million in the corresponding period. These figures indicate a decline in performance compared to the previous year.

Petvivo Holdings Inc

Stellar 126.468% Revenue Upsurge for Petvivo Holdings Inc Amid Recent Fiscal Period Despite Widening Deficit


Introduction:
Petvivo Holdings Inc, a Medical Equipment & Supplies company, recently released its financial results for the most recent fiscal period ending March 31, 2023. While the company showed a significant improvement in revenue, there are concerns regarding the widening deficit. This article aims to interpret the financial results and explore the possible implications for the company going forward.
Solid Revenue Improvement:
In the most recent fiscal period, Petvivo Holdings Inc recorded a remarkable revenue improvement of 126.468% year on year, reaching $0.13 million. This substantial growth signifies the company's ability to generate higher sales during the given period. However, it should be noted that this positive development follows a significant revenue decline of -75.378% in the previous reporting season.






 

Petvivo Holdings Inc's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com