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NSPR Positive Sentiment Score: 65/100

InspireMD to Report Second Quarter 2023 Financial Results and Provide Corporate Business Update on Tuesday, August 8th

Key Takeaway: InspireMD, Inc. announced its plans to report second quarter 2023 financial results on August 8, 2023, prior to market opening. The company will also host a conference call at 8:30 a.m. EDT on the same day to review these results and discuss corporate developments. The CGuard Embolic Prevention Stent System aims to improve treatment outcomes for Carotid Artery Disease and stroke prevention, although the company faces several market risks and challenges in the healthcare industry.

Market Sentiment Analysis

POSITIVE FACTORS

  • InspireMD will be reporting financial results, indicating ongoing business activity.
  • The conference call will provide updates on corporate developments.
  • The potential exists for the CGuard system to improve patient outcomes.

CONCERNS & RISKS

  • The company faces numerous risks related to market acceptance and product regulatory approvals.
  • Intense competition from larger companies may impact performance.
  • Future capital raising may be costly and difficult.

Full Press Release Details

-Conference call and webcast to be held at 8:30 a.m. EDT-
TEL AVIV, Israel and MIAMI, July 25, 2023 (GLOBE NEWSWIRE) -- InspireMD, Inc. (Nasdaq: NSPR), developer of the CGuard™ Embolic Prevention Stent System (EPS) device for the treatment of Carotid Artery Disease and stroke prevention, announced today it will report second quarter 2023 financial results on Tuesday, August 8thth, 2023, before the financial markets open.
Management will host a conference call and webcast with the investment community at
8:30 am (EDT) that same day to review financial results and provide an update on corporate developments.
Title: InspireMD Second Quarter 2023 Financial Results and Corporate Update Conference Call and Webcast
Date: Tuesday, August 8 th , 2023
Time: 8:30 a.m. ET
Conference Call Details: Toll-Free: 1-844-826-3035 International: 1-412-317-5195 Conference ID: 10180798 To utilize the Call me™ feature, click here . (Call me passcode 6413623)
The conference call will be webcast live from the Company’s website and will be available via the following links:
Webcast: Webcast link – click here https://www.inspiremd.com/en/investors/investor-relations/
The webcast should be accessed 15 minutes prior to the conference call start time. A replay of the webcast will be available following the conclusion of the live broadcast and will be accessible on the Company’s website.
About InspireMD, Inc.
InspireMD seeks to utilize its proprietary MicroNet® technology to make its products the industry standard for carotid stenting by providing outstanding acute results and durable, stroke-free, long-term outcomes.
Forward-looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential”, “scheduled” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. For example, the company is using forward looking statements when it discusses the expansion of its portfolio and potential indications and that the CGuard Carotid stent provides a foundational advantage for improved patient outcomes and prevention of stroke. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) market acceptance of our existing and new products, (ii) negative clinical trial results or lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense competition in the medical device industry from much larger, multinational companies, (v) product liability claims, (vi) product malfunctions, (vii) our limited manufacturing capabilities and reliance on subcontractors for assistance, (viii) insufficient or inadequate reimbursement by governmental and other third party payers for our products, (ix) our efforts to successfully obtain and maintain intellectual property protection covering our products, which may not be successful, (x) legislative or regulatory reform of the healthcare system in both the U.S. and foreign jurisdictions, (xi) our reliance on single suppliers for certain product components, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain and (xiii) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
Chief Financial Officer
Chuck Padala, Managing Director

Frequently Asked Questions

When will InspireMD report its Q2 2023 financial results?

InspireMD will report its Q2 2023 financial results on August 8, 2023.

What time is the InspireMD conference call on August 8?

The conference call is scheduled for 8:30 a.m. EDT on August 8, 2023.

How can I access the webcast for InspireMD's financial report?

The webcast can be accessed from InspireMD's website, available 15 minutes prior.

What is InspireMD's focus with its MicroNet technology?

InspireMD aims to establish its products as the standard for carotid stenting.

Who can I contact for investor relations at InspireMD?

You can email investor-relations@inspiremd.com for inquiries.

Last updated: Jul 25, 2023