Doing some basic figures based on info from their financials l...

Doing some basic figures based on info from their financials l estimate they require sales of around 1600 units pa to reach break even.

Last year they sold 932 units. To back this l have a sell price of $97k/unit, R&D costs of $50m, selling,general & admin of $60m and cogs at 30% of sales. Cogs of 30% was based on info l obtained from Thoratecs financials.

Thoratec are trading on a pe of 22 so again l am using this to calculate the SP based on varying levels of sales.

2000pa equates to SP of $3.30

3000pa " " " " $4.40

4000pa " " " " $7.00

5000pa " " " " $10.30

The market is currently growing at 25% pa and increasing as product awareness increases. l believe HIN's will grow more rapidly.

As l said earlier these figures are basic however based on real info so gives some idea.