Ann: Quarterly Business Review & Appendix 4C, page-7

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plough

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27/07/20

12:46

Post #: 46091252
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Originally posted by Lefevre ↑

Another disappointing quarterly. $116k sales is not what the company was portraying.

They are so good at spruiking.
At least they are consistent.

This was the market update on 27th April :

Covid-19 Environment drives demand for Oventus devices

Key highlights:
• Interest in Oventus oral devices is being driven by concern regarding CPAP’s potential
role in spreading COVID-19 virus through aerosol droplets
• Four contracted sites now scheduled to launch remotely during April, taking total
number of sites launched to 18
• Contracts signed in Canada for two new clinical sites, taking total contracted sites under
Oventus’ Lab in Lab model to 45
• Telehealth extension to Lab in Lab business model operating efficiently; building
pipeline of patient bookings
• Patient bookings since mid-March, when the gravity of the COVID-19 pandemic started
to crystallise for the US and Canada, have now exceeded total February patient bookings

Then the next day a large cap raising.

I am holding my tongue.

Expand

yes extremely disappointing , sales shown as 10% of what the costs are , their definition of sales being strong is different from mine
What happened to care-stream last July and their 15,000 dental clinics ?
They seem to be great at signing up contracts but do not see much as far as sales to show for the sign ups .
How much rope to you give these guys ?

OVN Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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Ann: Quarterly Business Review & Appendix 4C, page-7

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