Titan Medical Reports 2019 Financial Results
Titan Medical Inc. - Ordinary Shares (TMDI)
Company Research
Source: Business Wire
TORONTO--(BUSINESS WIRE)--Titan Medical Inc. (“Titan” or “the Company”) (TSX: TMD) (NASDAQ: TMDI), a medical device company focused on the design and development of a single-port robotic surgical system for application in minimally invasive surgery (“MIS”), announces financial results for the twelve months ended December 31, 2019.All financial results are prepared in accordance with International Financial Reporting Standards (“IFRS”) and are reported in U.S. dollars, unless otherwise stated. The audited financial statements and management’s discussion and analysis for the year ended December 31, 2019 can be viewed at www.sedar.com and at www.sec.gov.David McNally, President and CEO of Titan Medical, said, “We made progress during 2019 in advancing the development of our single-port robotic surgical system, including achieving some important milestones. However, during the second half of the year, lack of capital caused us to suspend product development. With very little cash on h
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