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14.5¢ universal biosensors inc.

Ann: FDA Approval for Xprecia Prime, page-16

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Msir

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19/03/24

11:44

Post #: 72957600
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Originally posted by jellyroll ↑

In terms of revenue estimate for Xprecia only the CEO said this on the last call and it probably represents a good starting point.

"We now have 5,500 devices as an installed base. We're working hard to make that 10,000. We think average use in a clinic in Europe is between 400 and 600 strips. So 10,000 devices at 600 strips is $6 million at a rough price of $4 a strip. It's a $20 million business every day of the week we think."

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So $7.3B revenue just in Europe alone can be tapped with this FDA approval?!?
And the market cap is $60m...

UBI Price at posting: 27.0¢ Sentiment: Hold Disclosure: Not Held
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