TransEnterix: Very Overvalued Robots And Selling Assets [Seeking Alpha]
TRANSENTERIX (TRXC)
NASDAQ:AMEX Investor Relations:
ir.transenterix.com
Company Research
Source: Seeking Alpha
TransEnterix: Very Overvalued Robots And Selling Assets Summary TransEnterix designs, develops, acquires, and sells medical devices. In the six months ended June 30, 2019, the company reported sales of $5.82 million, 0.52x the revenue reported in the same period in 2018. With the amount of money invested in marketing, it is worrying that revenue is declining at such a fast pace. At a EV/Sales ratio of 14x, the valuation is too high for a company reporting declining revenue and negative FCF. The company will not likely file for bankruptcy in the future. Instead, TransEnterix will probably try to sell equity. As a result, the risk of dilution on this name is very significant. With free cash flow of -$39.7 million in the first six months of 2019 and $23 million in cash, TransEnterix ( TRXC 10-Q Business And The Sale Of AutoLap System Founded in 2006, TransEnterix designs, develops, acquires, and sells medical devices. Company’s Website The company’s leading device is the Senhance System,
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