Acutus Medical is a medical device company that is focused on the diagnosis and treatment of cardiac arrhythmias — when the heart beats too fast, too slow or irregularly. While there are various treatments available, they are generally burdensome for patients, medical professionals and insurance companies.To deal with this, Acutus Medical has developed a system that relies on a catheter-based approach. A key for this is AcQMap, which is a sophisticated mapping system.More than 50 million people across the world suffer from arrhythmias and the market for treatments is roughly $5.7 billion. Less than 5% of the market is penetrated.During the first quarter, revenues came to $1.6 million and the net loss was $18.1 million. The install base included 31 units at 27 customer sites.
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