Guardion Health Sciences: Massive Dilution In Less Than A Month [Seeking Alpha]
Guardion Health Sciences, Inc. (GHSI)
Company Research
Source: Seeking Alpha
Guardion Health Sciences: Massive Dilution In Less Than A Month Summary GHSI has dropped over 80% from $1.66 to $0.29 in a month since I last wrote about the company. GHSI raised funds at $0.45, a mere four months after a $4.00 IPO. Revenues are growing at a respectable growth rate but are nowhere near offsetting operating costs. Expect further dilution in early 2020. On July 22, I wrote an article secondary announcement The raise came just four months after the April IPO where $3.9 million was raised, net of expenses, at $4.00. This complete shareholder destruction so soon after the IPO shows that GHSI has very little leverage when trying to raise funds while developing its early-stage business. GHSI is a health sciences company focused on eye care. Its lead business is its vision testing diagnostics division under the brand name VectorVision which specializes in the standardization of contrast sensitivity, glare sensitivity, low contrast acuity, and early treatment diabetic retinopa
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GHSI
News
- Guardion Health Sciences, Inc. (NASDAQ: GHSI) had its "hold" rating re-affirmed by analysts at Maxim Group.MarketBeat
- Thinking about buying stock in Guardion Health Sciences, Minim, Revelation Biosciences, Nyxoah, or Pixelworks?PR Newswire
- Guardion Health Sciences Announces Entry into Definitive Agreement to Sell its Well-Known Viactiv® Brand and Business to Doctor’s Best Inc.GlobeNewswire
GHSI
Sec Filings
- 3/21/24 - Form PREM14A
- 3/15/24 - Form PRE
- 2/6/24 - Form SC
- GHSI's page on the SEC website