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Posted On: 10/24/2019 9:59:39 AM
Post# of 40445
$PBIO continues to pre-sell additional, limited quantities of the BaroShear K45. The company recently announced two additional pre-sales of the K45 system – one to NanoPeak Solutions Inc., a private company located in Vancouver, British Columbia, and the second to a private company in Las Vegas, Nevada. This leaves just nine remaining systems available for the PBIO pre-sell program. Units sold over the coming weeks are on track to be delivered and installed in the first half of 2020.
“We believe that such sales will have a significant impact on 2020 total revenue, potentially resulting in more than twice the total revenue of 2019,” Schumacher stated in a news release. “We further believe that revenue from our BaroFold platform contract services will continue to increase, and that the decline in PCT platform instrument sales observed over the past two quarters (caused in part by our focus on the development of the BaroShear K45) will end, and that we will see an increase in PCT product sales over the second half of 2019, and beyond.”
“We believe that such sales will have a significant impact on 2020 total revenue, potentially resulting in more than twice the total revenue of 2019,” Schumacher stated in a news release. “We further believe that revenue from our BaroFold platform contract services will continue to increase, and that the decline in PCT platform instrument sales observed over the past two quarters (caused in part by our focus on the development of the BaroShear K45) will end, and that we will see an increase in PCT product sales over the second half of 2019, and beyond.”
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