Microbot Medical Inc. Secures Key Patent in China for LIBERTY Endovascular Robotic System
Patent Acquisition: Microbot Medical Inc. has secured a significant patent in China for its LIBERTY Endovascular Robotic System, enhancing its global intellectual property strategy as it prepares for a U.S. launch in Q3 2025, pending FDA clearance.
Market Potential: The company is focusing on both U.S. and international markets, with millions of endovascular procedures performed annually, aiming to improve patient care through innovative robotic technology.
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Reasons for Our Lack of Concern Regarding Microbot Medical's (NASDAQ:MBOT) Cash Burn Issue
Investor Interest in Unprofitable Companies: Microbot Medical's share price has surged 142% over the past year, attracting investor attention despite its lack of profitability and cash burn concerns.
Cash Burn and Runway Analysis: The company reported a cash burn of $11 million over the last year, with a cash runway of approximately 7.3 years, indicating a manageable financial situation for shareholders.
Growth Investment and Future Considerations: Although Microbot Medical's cash burn increased by 23%, suggesting a focus on future growth, this could shorten its cash runway if spending continues to rise.
Raising Capital and Market Position: With a market capitalization of $159 million, Microbot Medical's cash burn represents a low percentage of its market value, indicating potential ease in raising additional funds through share issuance or borrowing.
HC Wainwright & Co. Affirms Buy Rating for Microbot Medical, Keeps $12 Price Target Intact
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