Microbot Medical Reveals Emory University as the First Hospital to Implement LIBERTY
Adoption of LIBERTY: Emory University Hospital has become the first hospital to adopt Microbot Medical's LIBERTY for patient care.
Collaboration for Robotics Program: Microbot Medical is partnering with Emory to create an Endovascular Robotics Program in interventional radiology.
Focus on Specialty Field: The collaboration aims to enhance the growing and evolving specialty field of interventional radiology.
Significance of the Partnership: This initiative marks a significant step in integrating advanced robotics into medical practices at a leading academic medical center.
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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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